Study Of Corporate Performance Evaluation A Number Of Theoretical Issues

The corporation performance comprises results and behaviors (processes) from the point of view of economics and accounting. The corporation performance appraisal indexes include indexes appraising results and indexes appraising behaviors (processes). The excellent performance is the achievement of financial goal and strategic behaviors.We study some theories of corporation performance appraisal indexes. The system of indexes includes financial indexes appraising results and non-financial indexes appraising behaviors (processes). The appraisal indexes will be chosen according to value relevance. We refute the method that classifying indexes of quantity and quality. The number of indexes is about 20 and the qualities of indexes will be met by precision, congruity and so on. Appraisal indexes will be tested for their quality, equilibrium and correlationCorporation performance appraisal indexes in essence are a system arrangement in a corporation, and manager's reward is often paid according to his achievements. If the indexes system is incomplete, the manager will take opportunism action for his benefit, so the agency cost will increase. At this time the economic consequence occur. The paper analyzed the economic consequences of appraisal indexes and testified it by the fact that occurs in the Chinese state-owned enterprises and listed companies in China and US.We studied the corporation performance operated detail rules (revised) and pointed out that the indexes system emphasized the development ability and the non-financial indexes reflected the needs of time. We also bring forward some opinion to improve the indexes system.Finally, we point out that the appraisal indexes are contingent and designed according to circumstances.