经济增加值理论在商业银行中的应用——经营目标从“利润”向“价值”的转变

经济增加值(EconomicValueAdded,EVA),是资本成本从税后利润中扣除后的剩余收入,它客观、真实地评价企业的经营业绩。EVA作为目前比较流行的计算企业价值的测评工具,在银行也有广泛的应用前景。但由于银行财务管理的重点是风险而非现金流,银行资本的主要作用是抵御风险;因此,在计算银行的EVA时,资本是与风险相匹配的经济资本。银行经营期内每年实现的EVA可以反映其价值最大化的实现程度。基于此,采用EVA理论和方法能够有效地促进银行,在风险管理、业绩考评、激励机制、经营理念等方面所进行的改革和创新。

Application of the EVA Theory in the Commercial Bank--The Transition of the Operations Objective from "Profit" to "Value"

EVA is residualincome that a capital cost surplus income after deduct in the after-tax profit, appraise the business performances of enterprises objectively, trully. Being a so popular tool applying in computing the value of the company, EVA has a wide future in the bank. But the Focal point of the bank's Financial administration is it's risk not the cash flow, the major role of the capital is to resist the risk, so when we calculate the bank's EVA, we use Economic capital. The bank's EVA could reflect the realization degree that its value maximizes. Based on this, the application of the EVA can do good for the bank's risk management, achievement check and rate, incentive mechanism, management theory and so on.