Empirical Research on the Effectiveness of Enterprise Performance Evaluation from EVA Perspective: A Case Study of Small and Medium-sized Enterprises

摘要

The EVA evaluation system has been widely used abroad as an efficient approach for evaluating the enterprise performance. It can provide more concise and precise performance evaluation criteria, enabling managers to make more precise decisions, thus EVA has received more and more attention. This paper has selected 101 companies listed in the small and medium-sized board from 2015 to 2017 as research objects, mainly selecting the economic value added (EVA), net profit margin (NPS), return on equity (ROE), return on total assets (ROA), total asset turnover (TAT), earnings per share (EPS), and property net profit rate (PRN) from them in the past three years to demonstrate the validity of EVA data. The results show that there is a close relationship between EVA and traditional financial index, and it is effective to apply EVA to evaluate enterprise performance.