A Research On Innovative Business Model Of Internet Pawnshop

With the development of global economy and appearance of large enterprise groups,the governance structure of company causes the separation of management right and ownership,investors attach much more importance to the expected revenue of their investment,the management direction of simple profit maximization can not satisfy the management demands of modern enterprises,and the profit of owner and operator is separated,so that there are uncertain risks for the consistent operation and value creation of enterprises.As the important method of interior control,comprehensive budgeting management is wildly applied in the management of enterprises,however,with the appearance of profit maximization of shareholders,the deficiencies of traditional budgeting management based on profit statement are more and more obvious,and the expected return of investors for their investment is neglected,which is bad to the scientific and reasonable integration of enterprise resources and creation of shareholders’ value.Economic value added is also called EVA,which thinks that only when the profit of enterprise is over the composite cost of capital,can it bring value for shareholders,and enterprises with high economic value added are really good enterprises.The integration of EVA with traditional comprehensive budgeting management can effectively improve the insufficient attention of traditional budgeting management to capital cost.In this thesis,it mainly illustrates the research background,research significance,and research content,according to the research literature and results of every industry,it has conclusion on domestic and foreign research achievements,which can lay theoretical basis for this research,and besides,it comprehensively illustrates the basic concept,features,and functions of EVA comprehensive budgeting management.In addition,under the background of status of comprehensive budgeting management of J Company,with the integration of field investigation and case analysis,it generalizes the basic situation of comprehensive budgeting management of J Company,analyzes the problems for theapplication of comprehensive budgeting management by J Company,and puts forward basic solving ideas.After confirming the adjustment projects of EVA of J Company and calculating the EVA result,analysis on the appraisal mode of comprehensive budgeting management,and comparison with traditional methods,it points out the necessity of introducing EVA indicator into comprehensive budgeting management in J Company.Finally,it specifically illustrates the specific measures for the construction of EVA comprehensive budgeting management and procedure,and then,according to the industry characteristics of J Company,it concludes the optimizing plans.By virtue of the analysis on the application results of EVA comprehensive budget,with the combination of implementation case by applying EVA to performance evaluation by J Company,it can provide some references for the role of EVA in the comprehensive budgeting management of private listed real estate enterprises.