EVA考核提升了企业自主创新能力吗?--基于管理者风险特质及行业性质视角的研究

摘要

As SASAC has implemented EVA in State-owned enterprises, this paper empirically analyzes the influence of EVA assessment on enterprise independent innovation capacity by using data from state-owned listed companies of China from 2010 to 2013, and further discusses the adjusting effects of manager’ risk characteristics and the different performance in different industries. We find:( 1 ) EVA assessment can significantly improve enterprises independent innovation capacity; ( 2 ) manager’ risk characteristics have positive adjusting effects on the relationship between EVA assessment and the input amount of enterprise independent innovation;(3) there is a difference in the influence of EVA assessment on enterprise independent innovation capacity. This study deepens and enriches the economic consequences of EVA assessment research, provides em-pirical evidence to support the implementation of the EVA policy deeply and widely, as well as gives certain enlightenment meaning to design EVA policy with disparity and practice EVA policy effectively.%经济增加值（ EVA)考核是国资委引导企业转型发展中的一项重要制度安排，本文利用国有上市公司的数据，实证检验了EVA考核对企业自主创新能力的影响，并进一步讨论了管理者风险特质的调节作用和影响结果的行业差异。研究发现：EVA考核的实施能显著提升企业自主创新能力；管理者风险特质对EVA考核与企业自主创新投入水平的关系存在正向调节作用；EVA考核对企业自主创新能力的影响存在显著的行业差异。本文的研究深化和丰富了EVA考核的经济后果研究，为EVA考核的深入广泛推行提供了经验证据支持，同时也给予EVA考核的差异化设计及有效实践一定的启示。