通货膨胀影响EVA指标的改进研究

一、EVA指标概述 （一）EVA指标概念的阐述 EVA（EconomicValueAdded，经济增加值），是指公司利润超过资本成本的投资回报，即公司经营收益扣除公司所占用的全部资本成本之后的余额。这里所指的全部资本既包括债务资本又包括权益资本，正是由于不仅考虑了债务资本的成本，还考虑了权益资本的成本，才使得EVA在本质上与经济学意义上的利润一致，而不再是我们所常说的会计利润。     

我国实行EVA的经营者年薪制可行性研究

<正>一、何谓EVA EVA(Economic Valued Added)即经济增加值,是指经济学所持的利润概念。虽然经济学家的利润也是收入减去成本后的差额,但经济收入不同于会计收入, 经济成本不同于会计成本,因此EVA也不同于会计利润。按照本质含义把EVA 解释为息前税后利润提取包括股权和债     

浅析经济增加值在物资采购管理中的应用

“资本所得的利润至少要能补偿投资者承担的风险”这就是所谓的经济增加值的核心理念，经济增加值也叫EVA，换句话说， EVA等于公司税后净经营利润减去全部资本成本后的净值。采购管理作为企业管理的重要环节，在公司运营过程中，成本占的高、资金投入比较大、管理事务繁杂，激烈的市场竞争迫使企业必须加强和规范采购管理。     

我国资本市场引入EVA价值管理体系探讨——以资本结构为视角

伴随着经济的发展,传统的会计方法计算资本市场的经济利益已经不能满足企业的需要。EVA(经济增加值,Economic Value Added),作为一种高效的计算经济利润的方法,可以考虑企业的隐形成本或者机会成本,更准确的计算企业的经济效益。因此,研究EVA价值管理体系对资本市场发展的作用,可以更准确地评价企业的经济效益、资本结构以及企业的管理体系。EVA价值管理体系基本概述     

小议基于EVA的公司绩效在我国的应用

过去20多年来,在实施价值管理的公司中,应用最广的方法是经济增加值(EVA),EVA是一种经济利润,是从税后净营业利润中扣除包括股权和债务的所有资本成本后的企业真实的经济利润。它衡量的是剩余收益,是扣除经营成本和资本使用成本后股东能享有的     

EVA理论的应用初探

EVA(economic value added)即经济利润,又称经济增加值,是美国思腾斯特咨询公司于1991年提出的用于评价企业经营业绩的指标。在中国传统的会计制度下,大多数央企虽然表面上处于"盈利"状态,但许多央企实际上是在损害股东财富,因为所得利润是小于全部资本成本的。而EVA指标考核纠正了这个错误,管理人员在运用资本时,必须"为资本付费",就像付工资一样。考虑到包括净资产在内的所有资本的成本,EVA显示了一个企业在每个报表时期创造或损害了的财富价值量。     

EVA绩效评价模式的探讨

一般企业在评价其盈利能力时通常采用会计利润指标．这样会忽视了股东的投入成本，因为会计利润指标不能正确反映企业真实的经营业绩。而从经济利润的角度，通过EVA即经济增加值评价企业盈利能力，更能充分反映企业为股东创造的价值。     

浅议EVA及其在新经济环境中的作用

一、理解EVA EVA是企业税后净经营利润扣除经营资本成本(债务成本和股本成本)后的余额,是所有成本被扣除后的剩余收入(Residual income),是经济增加值(Economic Value Added)的英文缩写。 一个公司只有在其资本收益超过为获得该收益所投入的资本的全部成本时,才能为股东带来价值,它是站在股东     

企业经营业绩评价核心指标的选择

在过去的很长一段时间甚至现在,投资者是利用会计收益指标作为评价企业经营业绩的主要依据。但由于会计收益评价方法不尽如人意,因此投资者迫切需要一些新的财务评价指标来评价企业的经营业绩。经济增加值指标就是在这种背景下产生的。建设有效控制机制的关键是形成和实施正确有效的经营业绩评价系统,而经营业绩评价系统正确有效与否在很大程度上又取决于对核心评价指标的设计和选择,它具有以下优点:1.考虑了所有者权益资本成本。考虑资本成本是 EVA 指标最特别和最重要的方面。根据传统方法计算出来的结果。     

EVA与企业市场价值相关性研究——来自创业板2012～2016年的经验证据

经济增加值(EVA)不仅考虑了企业税后净利润,还强化了资本成本和价值创造理念,理论上比传统会计指标更能反映企业真实价值。文章以2012～2016年创业板247家上市公司为样本,实证检验了EVA、传统会计指标与企业市场价值MVA的关系,并对二者进行比较。结果表明,EVA与MVA存在显著正相关关系,能够解释企业市场价值; EVA相较于传统会计指标没有显示出增量信息,不能替代会计指标,当证券市场趋于有效、规范、完善时,EVA评价体系更能发挥它的优越性。     

On the Major Transformation of the Asia-Pacific Regional Structure北大核心CSSCISSCI

Recent years have witnessedsignificant changes in the Asia-Pacific regionalstructure featuring the shift in power balance among related countries as well as adjust-ments in their respective regional strategies. So what is the prevailing trend in thistransformation and what kind of regional order will likely emerge in the future？ To an-swer these questions, the paper tries to explore the following dimensions： the evolvingregional context, shift in power balance and power conversion, geo-political and geo-e-conomic developments and interactions between them, and evolving regional order. Asthe study shows, the broadening of regional geographical scope, the rise in the numberof actors involved, as well as changesin the relations among them, have combined tocast a pluralistic and complex flavor to the regional structure. While the power balanceamong China, the United States and Japan shifts, and power conversion is also occur-ring. China and Japan are paying increasing attention to their security roles, whereasthe United States under the Obama administration laid more stress on expanding itsgeo-economic clout. In spite of the intensifying geopolitical competition among China,the United States and Japan in recent years, a Sino-US strategic compromise-whichholds the key to regional geopolitics-isother front, some kind of geo-economicmore likely to take place in the future. On thecooperation will probably emerge. In the longerterm, it will be the geo-economic trend thatwill prevail over the geopolitical trend inthe region. Finally, the future evolution of regional order wiI1 mainly follow the eco-nomic logic, accompanied by the dilutionof its hegemonic and hierarchical nature.Hence, a pluralistic and complex regional community will emerge.     

区域工业产业竞争力指标体系的构建及其评价方法研究

文章通过建立省级区域工业产业竞争力评价指标体系,设计竞争力模型,利用SPSS统计软件,对各省工业产业竞争力进行了评价测定。     

文化传播中电视暴力对青少年侵犯行为的影响

伴随当代传媒产业的蓬勃发展,暴力也成为影视艺术基本的叙事类型及消费主义文化日趋盛行的现实语境。＂电视暴力＂是作为＂媒介暴力＂的一个子概念存在的;从文化传播看电视暴力,其覆盖面大,且易于接触;电视暴力对受众特别是青少年的影响巨大而深刻。要从制作者、传播者和观众三个方面的自律出发,建立适应我国国情的影视分级制。     

理性与先验的完美整合——论笛卡尔的"上帝"观

笛卡尔是西方近代主体性哲学的先驱,是近代唯理论学说的创始人,他使人们从中世纪宗教势力的禁锢中解放了出来.虽然"上帝"这个被人们视为理性最大敌人的概念在他的哲学中大量存在,但他极力证明上帝存在的最终目的却是为了证明理性的伟大;作为真理化身的上帝,归根到底是为他的理性主义服务的.     

Organization and incentives in the age of sail

The British Navy in the age of sail was the most successful bureaucracy of its time. Its organization and incentive structures differed importantly from contemporaneous private sailing ventures, but closely resembled those of today’s large corporations. To induce efficient effort, the navy used a hierarchical tournament, in which sailors competed for higher pay that came with promotions based on relative performance. Promotion probabilities, the option value of future promotions, and the higher effort required of men in higher ranks and on larger vessels, combined to yield a highly skewed pay structure.     

The German Hanse and Bergen – new perspectives on an old subject

Abstract

The Hanseatic League and her kontors (trading posts) were an integral part of the medieval trade system in Northern Europe. Hanse merchants dominated many markets in this region and managed to maintain a monopoly-like role in towns like Novgorod and Bergen for many centuries. Consequently, one focus of historical research about the Hanseatic League lay on the mechanisms that enabled the Hanse merchants to keep that strong of a position for such a long time.

This article is part of the discussion about this topic. Based on Lübeck merchants with business interest in the Norwegian town of Bergen, the so-called Bergenfahrers (Bergen travellers), it will give new insights into the Hansards' economical and social organization. The three main points are (a) the integration of the Bergen market in the Hanseatic trade network as an intermediary trading place on the vivid East–West route of Hanse trade; (b) the importance of the Bergenfahrers within the Hanse merchants' economical, social and political networks; and (c) the structure of the Bergenfahrers network patterns in the late Middle Ages.

In addition to new insights into the important role of Bergen and the Bergenfahrers within Lübeck's and the other Wendish Hanse towns' trading system, this articles provides further proof for the usefulness of the methods of Social Network Analysis in medieval economic research.     

Financial Reporting and Trade Credit: Evidence from Mandatory IFRS Adoption*

We investigate the effect of mandatory IFRS adoption on trade credit. We document that firms in countries that adopt IFRS receive more trade credit from their suppliers, consistent with improved financial reporting quality and comparability playing a role in facilitating informal financing. This increase is larger for countries with a low level of societal trust, a poor pre‐IFRS‐adoption information environment, and stronger legal enforcement. These cross‐sectional results suggest that the conditions under which higher‐quality information is made publicly available affect suppliers' decisions to provide trade credit. This increase is also larger for firms with greater exposure to foreign markets, a finding that highlights the importance of more comparable international financial reporting standards in facilitating cross‐country trade credit. We also find that IFRS adoption has a stronger positive effect on trade credit for firms with greater liquidity needs. Finally, we find that firms in countries that adopt IFRS also extend more trade credit to their customers. Overall, our results support the notion that financial reporting can have a causal effect on trade credit.