投资项目核心财务指标设计  

Design of Core Financial Indicators for Investment Projects

作　　者：孙丛青 Congqing Sun(Shanghai Ubo Investment Management Center(Limited Partnership),Shanghai,200082,China)

机构地区：[1]上海优波投资管理中心(有限合伙),上海200082

出　　处：《财经与管理》2020年第4期9-15,共7页Finance and Management

摘　　要：目前,在私募投资行业,对投资项目负责人(投资总监)普遍采用项目业绩提成的激励方式。但是,项目存续期往往很长,而业绩提成只有在项目结束后才能兑现,不能对项目业绩实施实时监控。同时,不同项目的业绩、不同投资总监的业绩无法进行比较,没有日常的业绩考核指标指导投资总监的项目管理行为,导致项目管理缺乏能动性。论文在分析资本市场常用的业绩考核指标(ROE(净资产收益率)及EVA(经济增加值)、ROI(投资回报率))的基础上,提出根据投资者对被投资企业的影响力设计财务考核指标,设计以RIS/EVS(投资回报序列/权益增值序列)、BAGRA(盈利成长矩阵)作为投资总监的项目业绩财务考核指标组合,并以此为基础建立一整套的管理思想及管理制度体系,促进私募投资企业的业绩增长。At present,in the private equity investment industry,the project leader(investment director)generally adopts the incentive method of project performance commission.However,the duration of the project is often very long,and the performance commission can only be realized after the end of the project,and the project performance cannot be monitored in real time.At the same time,the performance of different projects and the performance of different investment directors cannot be compared,and there is no daily performance evaluation index to guide the project management behavior of investment directors,resulting in the lack of initiative in project management.Based on the analysis of common performance evaluation indexes(ROE(return on net assets),EVA(economic added value),ROI(return on investment)),this paper proposes to design financial evaluation indexes according to the influence of investors on the invested enterprise,and design the project industry with RIS/EVS(return on investment/value-added equity sequence)and BAGRA(profit growth matrix)as the investment director performance financial evaluation index portfolio,and on this basis to establish a set of management ideas and management system,to promote the performance growth of private investment enterprises.

关 键 词：投资 财务 权益 

分 类 号：F27[经济管理—企业管理]