Analyzing The Value Drivers and Path Selection of Grid Corporations From the View of The Long-term Value

摘要

Based on the business characteristics and EVA, the paper develops an econometric model for the long-term value of grid corporations in China, and analyzes the value drivers and path selection correspondingly. The study shows that, the growing long-term value of grid corporations derives from the creation of future value, and the fundamental factor is an increase in investment. Grid corporations should target at investment management and capital optimization, realizing the goal of long-term value.