Research For Performance Appraisal Of Transportation Enterprises Based On The EVA

In the tide of domestic economic development,transportation industry as a ess ential,mainstay industry of national economy,has always played a key position.With advance in science and technology,the advancement of new industrialization,the perfection of market mechanism,the pressure of free market competition forced the domestic transportation firms must so as to find out that the maximization of enterprise value is the ultimate target,to enhance the power of the blossom of fir ms,to perfect marketing competition,to perfect the enterprise's performance,and i ncrease the value of companies.Therefore,the precise of the enterprise's performan ce evaluation of directly affects the improvement of enterprise's internal control an d the realization of the aims and continuable development.In this circumstance,on the basis of traditional performance evaluation target values accounting data.Howe ver,The accuracy of the traditional performance evaluation index on measure the e fficacy of the company value creation is gradually impaired,but the target of EVA(economic value added),its correlation about the value creation is growing Since 2010,SASAC(State-owned Business Supervision and Administration Commission)operat ed the EVA performance evaluation in the central firms adequately,with a view to coordinating and balancing the growth and cost,risk control.In the end,find out t he value of state-owned business maximizer.In the first place,The article recommends the implication of the EVA theory and its application in the research reports and adhibition status at home and abroad,analyzes the general condition of the transportation industry.Then I introduce the principle and calculation method of EVA.According to six listed transportation companies of China's annual report,analyzes the data of the EVA performance appraisal,got consequences such as the data of EVA,? EVA,REVA.By comparison with the conventional performance evaluation,and in the form of chart image intuitively to compare the differences between the EVA and traditional performance appraisal index.The result affirms the effectiveness of EVA index's practical application and the incomparable advantage in the of transportation firms,and points out the problems of the traditional property evaluation target in the practical application of the transportation industry.It illustrates the greatest characteristic of EVA performance evaluation is that consider the equity capital cost,the cost of capital.The more accurately reflect the transportation firms the more can truly reflect the enterprise's worth.It concentrates on the sustainable and long-range evolution of the firms.Be inferior to the new economic wave,it is one of the way to accelerate the transportation listed companies to perfect the internal control and the level of control,perfect the worth of enterprise and kernel competitiveness.Finally,the paper,on the basis of EVA property evaluation's consequences.For the selected six listed transportation companies,reflects the issues in the research.Then I put forward the proposals and strateges,and come up with the issues that transportation firms should attach importance to the realize of EVA performance evaluation,and prospects the development of the transportation enterprise in the future.