EVA-based Iron And Steel Industry, Performance Evaluation Of Listed Companies

Iron and steel enterprises is an important basic industries and the symbol of the level and the comprehensive national strength in national economy, It affect the related national defense industry and construction, machinery, shipbuilding, automobiles, home appliances directly. Right now China's steel enterprises have go abroad and become a world-class steel superpower actively. Business performance is a basic important factor which dicators survival and development in listed company. It on the corporate performance of scientific, objective and proper evaluation of the listed company to changing market environment, It also improve and enhance capital allocation efficiency, corporate governance structure has an important significance and role perfecting. Therefore, how to improve thes ability to create value and business performance in China's steel listed companie effectively has an important strategic significance.This paper describes related theory about the performance evaluation of corporate performance, analysis more detail on the performance in EVA-based evaluation of theoretical and empirical in listed iron and steel industry. The results show that EVA performance evaluation of the market value explanatory power slightly stronger than the traditional performance evaluation of the market value in listed iron and steel industry. And when evaluation performance in listed iron and steel industry, should combination EVA performance evaluation with the traditional performance evaluation to ues together, in order to achieve a more scientific, objective and correct evaluation results.This paper is divided into five parts:The first part is the introduction, Mainly discusses this paper's background, meaning, performance evaluation of listed companies at home and abroad of the status. and to illustrate research ideas, content and research methods. The second part, EVA corporate performance evaluation and an overview of the basic theory of performance evaluation.This part focuses on corporate performance, the traditional corporate performance evaluation, EVA corporate performance evaluation, in order to provide the necessary theoretical basis for the basic theory to the subsequent chapters research. The third part, EVA-based performance evaluation theory in listed iron and steel industry. Mainly discusses the characteristics of performance evaluation in listed companies. disscuss the thory about the performance evaluation the listed companies and in the steel industry's performance-based evaluation of EVA theory. The fourth part, an empirical analysis EVA-based performance evaluation of listed iron and steel industry. Object of study is form 2009 to 2010 in the Stock Exchange's steel companies. Proposed hypotheses, Construction of model, EVA-based empirical analysis of performance evaluation, Including company description of the traditional indicators of statistical analysis, correlation tests between the variables and regression analysis. The fifth part, the findings and recommendations. According to previous theoretical and empirical analysis of the results obtained and proposed the implementation and improvement of listed companies in the steel industry, EVA-based performance evaluation of proposals.