中国式经济增加值考核是否会导致投资不足
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引用本文:李琦.中国式经济增加值考核是否会导致投资不足[J].财经理论与实践,2014,(3):87-91
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作者单位
李琦 (1.复旦大学 工商管理博士后流动站上海2004332.上海国际集团有限公司博士后工作站上海200041) 
中文摘要:以央企控股上市公司为样本,研究发现经济增加值不仅没有导致企业投资不足,而且起到了抑制作用。研究结果表明,经济增加值为核心的业绩评价方式对当前央企构建价值投资理念和实现股东价值最大化经营目标具有重要正向作用。
中文关键词:经济增加值  业绩评价  投资不足
 
Whether Can Chinese EVA Lead to Under-investment
Abstract:In order to promote investment efficiency, SASAC started the performance evaluation based on EVA from 2010. It should be researched whether the transition of assessment can cause under-investment. This paper tests the relationship of EVA and under-investment using the data of listed companies held by central SOEs. This study finds that EVA not only has not led to under-investment, but also has inhibited under-investment. The result shows that the performance evaluation based on EVA has a positive effect on central SOEs to build value investment philosophy and achieve business objective of maximizing the shareholder value.
keywords:EVA  Performance evaluation  Under-investment
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