摘要
随着经济全球化和市场竞争的加剧，企业绩效评价体系逐渐成为衡量企业经营效率和发展潜力的重要工具。基于此背景，本文以经济增加值（Economic Value Added, EVA）为核心指标，探讨其在企业绩效评价中的应用价值与实践意义。研究旨在通过构建基于EVA的综合评价模型，弥补传统财务指标忽视资本成本的不足，为企业管理层提供更为科学、全面的决策依据。研究采用理论分析与实证研究相结合的方法，首先对EVA的概念、计算方法及其影响因素进行系统梳理，随后选取特定行业内的多家上市公司为样本，运用面板数据分析法对其绩效表现进行量化评估。结果表明，EVA能够有效反映企业的价值创造能力，并与股东财富增长具有显著正相关性。此外，研究发现将EVA与其他非财务指标结合使用，可以进一步提升评价体系的准确性和适用性。本文的主要创新点在于提出了一种动态调整的EVA计算框架，充分考虑了不同行业特征及宏观经济环境的影响，从而增强了模型的普适性。研究成果不仅为完善企业绩效评价体系提供了新思路，还对推动企业管理模式转型具有重要参考价值。
关键词：经济增加值；企业绩效评价；资本成本；面板数据分析；动态调整框架
Abstract
With the deepening of economic globalization and intensifying market competition, corporate performance evaluation systems have gradually become critical tools for measuring operational efficiency and development potential. Against this backdrop, this paper focuses on Economic Value Added (EVA) as a core indicator to explore its application value and practical significance in corporate performance evaluation. The study aims to construct a comprehensive evaluation model based on EVA, addressing the limitations of traditional financial metrics that overlook capital costs, thereby providing a more scientific and holistic basis for managerial decision-making. By integrating theoretical analysis with empirical research, the study first systematically reviews the concept, calculation methodology, and influencing factors of EVA. Subsequently, multiple listed companies within a specific industry are selected as samples, and their performance is quantitatively assessed using panel data analysis. The results indicate that EVA effectively reflects a firm's value creation capability and exhibits a significant positive correlation with shareholder wealth growth. Additionally, the study finds that combining EVA with non-financial indicators can further enhance the accuracy and applicability of the evaluation system. A key innovation of this paper lies in proposing a dynamically adjustable EVA calculation fr amework that fully considers the characteristics of different industries and the influence of macroeconomic environments, thus strengthening the model's universality. The research not only offers new insights into improving corporate performance evaluation systems but also holds important reference value for promoting the transformation of management models in enterprises.
Keywords：Economic Value Added; Firm Performance Evaluation; Cost Of Capital; Panel Data Analysis; Dynamic Adjustment fr amework
目 录
摘要 I
Abstract II
一、绪论 1
(一) 研究背景与意义 1
(二) 国内外研究现状分析 1
(三) 研究方法与技术路线 2
二、经济增加值理论基础 2
(一) 经济增加值的概念与内涵 2
(二) 经济增加值的计算方法 3
(三) 经济增加值与其他绩效评价指标的比较 3
三、企业绩效评价体系构建 4
(一) 基于经济增加值的评价框架设计 4
(二) 指标体系的选择与权重确定 4
(三) 数据收集与处理方法 5
四、实证分析与案例研究 5
(一) 研究样本与数据来源 5
(二) 绩效评价结果分析 6
(三) 案例企业的改进策略探讨 7
结 论 8
参考文献 9
