Evaluation Of Overall Listing Performance Of State-owned Enterprises Based On Modified BSC

In recent years,in order to promote the reform of state-owned enterprises,the state has actively encouraged state-owned enterprises to be listed on China’s A shares as a whole.As more and more state-owned enterprises complete the overall listing,issues related to it have also surfaced,such as the motivation for the overall listing,what are the methods for evaluating the overall listing performance,and whether the overall listing performance is positive and so on.In-depth study of issues related to overall listing performance will help to provide new ideas for the reform of state-owned enterprises.In this context,this article first sorts out the existing literature and related theories,and analyzes the reasons for the overall listing of state-owned enterprises.Then compare the advantages and disadvantages of the basic performance evaluation method,and put forward a new performance evaluation method-the revised balanced scorecard(BSC).The revised balanced scorecard is based on the traditional balanced scorecard,from the financial dimension,customer dimension,internal process dimension and learning and growth dimension to establish a relationship with the overall listing motivation.Among them,the financial dimension is connected with the motivation to improve the profitability of the enterprise,the customer dimension is connected with the motivation to solve the competition in the same industry,the internal process dimension is connected with the motivation for the company to obtain economies of scale and synergy,and the learning and growth dimension is connected with the overall external motivation for listing.Based on the connections established in the above four dimensions,indicators suitable for evaluating the long-term performance of enterprises are selected,and a method suitable for comprehensive evaluation of the overall listing performance of state-owned enterprises is constructed.Finally,taking the overall listing of the state-owned enterprise Wanhua Chemical as an actual case,and evaluating the performance of Wanhua Chemical’s overall listing based on a modified balanced scorecard,it is concluded that the performance of Wanhua Chemical’s listing is positive and significant.The research in this paper has made some expansions in the overall listing performance evaluation method,and it has certain reference and enlightenment on theoverall listing and performance evaluation business practices of enterprises: First,state-owned enterprises must be motivated when planning the overall listing The overall listing plan should meet the needs of the company ’s own development and avoid blindly pursuing economies of scale.The second is to choose the appropriate evaluation method when evaluating the overall listing.It should start from the overall listing motivation,establish the relationship between the motivation and the evaluation dimension,and comprehensively multi-dimensional Evaluate the overall performance of the listing.