The Value Of The "economic Value Added" Assessment Model And Its Analysis

The mainstream capital market theory in the west is based on "logos assumption" and "complete information assumption". But if we look into the long time general deviation between corporation value and stock price on securities market in China, we seem could not explain it with existent capital market theory. But the writer believe that the Efficient capital market hypothesis would be correct from long expect. Right againest such a theory background, this thesis explores the process of listed corporation value and evaluating methods and advance the establishing methods and manipulating opinion of the invest policy on this base, and explain the evaluating procedure with a demonstration of GuangDong electronic power co.,Ltd.Pass through upward analysis, the writer consider that the EVA guideline has more strongpoint in evaluating the outstanding achievement of a corporation than other guideline. It is a scale of the true economic profit of a corporation. It is a tool to be used to evaluating the outstanding achievement of every corporation. It's ideal accord with the core of modern financial administrant - maximize of the value of dormant partner.The writer consider, since EVA supply us a efficiency estimate standard to estimate the value of corporation, and the price of the stock is based on the value of the corporation, It should be a important tool of invest value analysis to the investor. Especially in our market, since the short failure of our market efficiency, it should be a important tool of choosing the stock to a long term investor.