我国激励机制的现状及引进EVA激励机制的对策

实现公司价值(或股东财富)的最大化,除了优良的公司战略外,还必须在公司理财和公司治理层面上找寻一种价值评价指标,以实现将价值评价、公司理财(考虑资本成本和风险)、绩效评价和薪酬规划统一起来,达到以最佳的方式使管理和战略的融合。EVA(经济增加值)不仅是一种财务衡量指标,更重要的是,它还是一种管理模式和激励机制。在市场经济下,研究适合我国代理人业绩评价与激励机制的指标体系成为当务之急。EVA作为评价代理人的业绩,将EVA激励计划融入企业的管理体系具有一定的优越性。

The Present Conditions and Countermeasures of Our Country's Incentive Mechanism

Apart from excellent corporate strategies, a kind of value appraisal index based on corporate finance and corporate governance must be found to maximize corporate value (or called shareholder wealth) . Thus we can integrate value appraisal, corporate finance (considering capital cost and risk), achievement appraisal, and salary planning into one to best realize the merging of management and strategy. EVA is a financial measurement index, and more importantly, it is a kind of management model and incentive mechanism. In market economy, it is urgent to study the proper index system of agent achievement appraisal and incentive mechanism. It is advantages to make EVA encouragement plan merged into the management system and use EVA as the agent achievement appraisal index.