经济增加值（EVA）在国有企业绩效评价中的再思考

摘要

EVA指标是以企业价值为核心，基于价值管理和价值驱动的企业运营模型，是税后经营利润减去债权资本和股权资本的综合成本后的余额，经济学家称之为剩余收入（所有成本被扣除后的剩余收入）。2010初国资委将经济增加值纳入央属企业绩效考核指标，将对企业的战略管理、绩效评价产生了深远的影响。本文将着力分析我国引进EVA在国有企业绩效评价应用中的局限性，并尝试提出国有企业在绩效评价中运用EVA的新思路。%EVA index, with the enterprise value as the core, is a business model based on value management and value driving. It is the balance of after-tax operating profit minus the composite cost including debt capital and equity capital, which is called residual income (residual income after all cost be charged) by economists. In early 2010, the SASAC added EVA into the central enterprise performance evaluation index, which has profound influence on enterprises' strategic management and performance evaluation. This article will focus on the limitation for China to introduce EVA in performance evaluation of state-owned enterprises, and tries to propose new ideas for application of EVA in the performance evaluation of state-owned enterprises.