EVA的理论和实证研究:综述及展望  

Theoretical and empirical study on EVA: Review and prospect

作　　者：黄登仕[1] 周应峰[2] 

机构地区：[1]西南交通大学经济管理学院,成都610031 [2]香港中文大学财务学系

出　　处：《管理科学学报》2004年第1期80-87,共8页Journal of Management Sciences in China

基　　金：国家自然科学基金资助项目(70142027);国家杰出青年科学基金香港;澳门青年学者合作研究基金资助项目(70229001).

摘　　要：经济增加值(economicvalueadded,EVA)是一种剩余收益型的业绩评价指标,在企业管理实践中有广泛的用途.文章对EVA的理论和实证研究成果进行了综述.首先介绍了EVA的定义,随后从理论上讨论EVA的目标一致性,接着评述有关EVA的有效性的实证研究结果,最后,对进一步的研究方向进行展望.The paper gives a general review of the theoretical and empirical study on economic value added (EVA). EVA is a managerial performance measure based upon the residual income concept and has been widely used in corporate managerial practice. In this paper, the definition of EVA was introduced, and the goal congruence that EVA aims to achieve as a performance measure was discussed theoretically. Then we commented on the validity of EVA derived from the results of the empirical researches, and finally gave a prospect on the further study in this field.

关 键 词：经济增加值 业绩评价 相对边际收益分摊规则 资本成本 企业管理 

分 类 号：F270.3[经济管理—企业管理]