75企业绩效评价体系研究

河北大学硕士学位论文企业绩效评价体系研究姓名：赵翠申请学位级别：硕士专业：会计学指导教师：赵冰20040601I19992002EVAEVABSCAbstractIIAbstract“Theproblemofenterpriseperformanceevaluationisthecentralprobleminanyandeveryeconomicentity”(ChenXiaoyue,1999).Inamoderninformationsocietyinwhichscienceandtechnologyadvancerapidlywitheachpassingday,howarewetomakeourperformanceevaluationsrepresentbothlong-termachievementsandshort-termachievements,bothfinancialindicationsandnon-financialindications,andbothpartialdepartmentalachievementsandthewholecompositiveachievementsaswell?Howarewetoestablishformodernenterprisesacompleteperformanceevaluationsystemadaptingtotheneedsofthemarketeconomyandmodernenterprisesystem,fairlyandobjectivelyevaluatingourenterprises’realperformances,standardingingtheiroperatingactivitiesoftheenterpriseasawhole?Afteracarefulstudyofmanytreatisesandmonographyspublishedathomeandabroadontheseproblemsincombination,withthepracticeofenterpriseperformanceevaluationinourcountry,theauthorofthisarticlefocusesheranalysisontheexistingproblemsofourcurrententerpriseperformanceevaluationsystem(2002).Onthebasisoftheabove-mentionedanalysisandforthetwopurposesofexpandingourconventionalfinancialindicationsystemandintroducingnon-financialindicationsintotheevaluationsystem,theauthorsuggeststhefollowingimprovementsinthecurrententerpriseperformanceevaluationsystem:Firstly,inchoosingfinancialindications,wemustconsidertherewardforthecostofequitycapitalandincludetheEconomicValueAdded(EVA)indications,sothatthetruthoftheenterprise’sprofitsanditsmanagementperformancecanbebroughttolight.Inordertoremedythedefectarisingfromtherightsanddutiesbasisofouraccountingsystem,suchthreecashflowAbstractIIIindicationsastheratioofsalestocash,cashinterestcoverageratioandcashratiooffurtherinvestmentshouldalsobeincorporatedintothefinancialindicationssoastorepresenttheenterprise’sprofitqualityinanall-roundway.Secondly,inchoosingnon-financialindications,weshouldconsiderthereestablishmentofanewnon-financialindicationsystembyreferencetoadvancedforeigntheoriesoftheBalancedScorecard(BSC)andActivity-basedCosting(ABC).Weshouldalsoclassifyinaccordancewithmodernmanagementtheoriesallnon-financialindicationsintothreegroups:indicationsrepresentingtheenterprise’smanagementconditions,indicationsrepresentingthequalityandtechnologyconditionsofitsproductsaswellasindicationsrepresentingitscomprehensivesocialinfluenceanditssustainedpowerforfollow-updevelopment.Theincorporationoftheseindicationsistomakeourenterprises’performanceevaluationsystemandthepartoftheirqualitativeevaluationmorevisuallyrepresented.Finally,toillustrateherpointsofview,theauthorofthisarticlesuppliesasaninstancetheperformanceevaluationofacertainsteelplantinordertotheoreticallyverifyherreestablishedindicationssystem.Keywords:performanceevaluationofenterprisefinancialindicationsnon-financialindicationsEconomicValueAddedtheBalancedScorecard1194020192020802090:20025P62199962002334:20025520025P2620009P20-21719995198998910SternStewart&co.—EVAEconomicValueAdd,EVAEVAJoeM.Stern1982JoeM.SternG.BennettStewartSternStewart&co.EVAEVAEVAEVAResidualIncomeEconomicProfit2008090SternStewart&co.—EVAEVAIBMEVA—EVAEVA11r=12%2155080275117075360200810t=35%70110130100012%1000=120EVA==130120=10r=20%,EVA=130100020%=70EVA0,EVA)()1(DEDEEKDEDtKNOPATTCWACCNOPATEVAED+×⎥⎦⎤⎢⎣⎡+++--=×-=NOPATWACCTCDKtDEEKEVA=()AI:2001P212EVAEVASternStewart&co.1201234EVAEVAEVA13EVA1EVA2EVA3EVA90EVAEVAEVA1EVA2EVAEVAEVA3EVA(VBM,ValueBasedManagement)14Stewart(MVA)MVA(MarketValueAdded)()MVA∑∑∑∞=∞=∞=+=+×-=-+=-=111)1()1()1(iiiiiiiiikEVAkkCNOPATCKNOPATCMVMVAMVCiNOPATikMVAMVAMVAMVA,MVAEVAMVAEVA1997,JeffreyRefinedEconomicValue-added,REVAREVAMVA)(1--=twttMVKNOPATREVAtNOPAT1-tMVt1t1REVAAI:2001P63“”RobertHall1232001.5194“”202120023()200252210080201003131100100100100382513128810189955820128101024121298718161214121010880%20%23150-110.80.60.40.20210.80.60.40.21[()()]()24==2=1.00.2()/()3=4==80%+20%25029912602Hamilton.1777.AnIntroductiontoMerchandizeEdinburgh272829200310,P25-293031EVA3233EVA=()3CashInterestCoverageratioCICCIC134234=5=1678=9=100%1035=11=100%=100%1236ABC37ABC19941996ABC20022710ABC5-1ABC025-21==45,967,937.632,618,519,967.1710%=215,884,059.092=100%=126,108,502.921,307,826,563.98100%9.64%3CIC=126,108,502.92+70,940,167.94+5,680,810.0570,940,167.942.864=100=126,108,502.92--54,170,703.87100-2.33%3851ABC20021824,696,831.55221,307,826,563.982836,182,884.59231,307,826,563.983133,488,045.0224982,690,104.824128,152,798.7225303,875,676.565670,794.212615,895,109.096643,983.9127136,133,044.137226,401,305.532851,468,837.888183,851,771.412970,940,167.9490.00308,172,301.44100.003180,451,461.37112,614,991,533.673245,967,937.63122,618,519,967.1733797,325,538.13131,423,426,569.6434793,234,439.90141,515,294,729.9535663,582.95151,104,071,998.263612,844,325.15161,103,225,237.2237126,108,502.92170.0038967,223,740.031839,838,613.9239721,480,755.03190.00401,026,220,474.70200.0041141,423,140.6221422,209,776,353.49:1.ABC10%2.ABC20025,6