The Correlative Research On EVA-based Enterprise Valuation And Stock Returns

This paper combined the standardize research method and empirical research method and made a correlation between the EVA-based enterprise valuation and stock returns, with an in-depth study of the theory of Enterprise value and stock returns, and the sample was the manufacturing companies in China stock market. In the Standardize research component, from the enterprise value, stock returns content, evaluation methods and influencing factors, we have studied the correlation between the EVA-based enterprise valuation and stock returns. Our studies had shown that EVA-based index system of enterprise value to the Shanghai and Shenzhen stock returns have some explanatory power, indicating an enterprise value of EVA-based indicators to explain stock returns in our country have some applicability.