Research on Business Performance Evaluation System for Shaanxi Listed Companies Based on EVA-BSC Coupling

摘要

Integrating advantages of EVA (Economic Value Adding) and BSC (Balanced Score Card), this thesis constructs a business performance evaluation system for Shaanxi listed companies and examines its application value. Based on both EVA, a financial indicator mirroring a company's value creating ability, and BSC, a non-financial but strategic indicator for performance evaluation, an empirical research on financial and performance data from 41 listed companies in Shaanxi province is conducted to examine the system's validity and practical applications. Result shows that EVA-BSC based performance ranking in 15 companies is in substantial agreement with that in EVA based raking while 26 companies see variation, demonstrating EVA-BSC based performance evaluation system's comprehensiveness and practical application value.