内蒙古财经学院学报（综合版）
內矇古財經學院學報（綜閤版）
내몽고재경학원학보（종합판）
Journal of inner Mongolia finance and economics college
2012年
1期
150~152
,共null页
EVA激励机制 股东资本 运用
EVA激勵機製 股東資本 運用
EVA격려궤제 고동자본 운용
EVA; incentive mechanism; stockholder＇s capital; application
由于忽视了股东资本的机会成本,采取传统的会计利润等指标来评价企业经营业绩是有缺陷的,企业获得的利润只有高于全部资本成本才能为股东创造价值。文章在讨论了EVA内涵的基础上,以能够弥补这一缺陷的EVA理念为核心,设置了一套规范经营者行为、维护所有者和股东合法权益的激励机制,并探讨了比传统激励机制的优越性。
由于忽視瞭股東資本的機會成本,採取傳統的會計利潤等指標來評價企業經營業績是有缺陷的,企業穫得的利潤隻有高于全部資本成本纔能為股東創造價值。文章在討論瞭EVA內涵的基礎上,以能夠瀰補這一缺陷的EVA理唸為覈心,設置瞭一套規範經營者行為、維護所有者和股東閤法權益的激勵機製,併探討瞭比傳統激勵機製的優越性。
유우홀시료고동자본적궤회성본,채취전통적회계리윤등지표래평개기업경영업적시유결함적,기업획득적리윤지유고우전부자본성본재능위고동창조개치。문장재토론료EVA내함적기출상,이능구미보저일결함적EVA이념위핵심,설치료일투규범경영자행위、유호소유자화고동합법권익적격려궤제,병탐토료비전통격려궤제적우월성。
Due to the ignorance of the opportunity cost of shareholders＇ capital,adapting to the index such as traditional accounting profit to asses enterprise operation achievement is deficient.Only when enterprises＇ profit is higher than the overall capital cost,can they create value for stockholders.Based on a discussion of the connotation of EVA,using EVA concept as a core to make up this deficiency,this paper sets up a incentive mechanism to regulate operators＇ behaviors,maintain owners and stockholders＇ legal right,discusses the advantages of this mechanism compared to the traditional incentive mechanism.
