Research On Performance Evaluation System Of A Company Based On EVA

With the rapid development of economy, the global market environment is changing and the enterprises are facing more and more competitive pressure. Economic Value Added (EVA), as an assessment tool of using capital effectively, creating value for shareholders and reflecting enterprise’s final goal, can provide better performance evaluation standard.Based on A Company as the research object, this paper mainly focuses on the achievement appraisal based on EVA in the enterprise achievement appraisal. First of all, this paper concludes the relevant performance appraisal theories. Secondly, it describes the relevant traditional performance appraisal method in A Company and calculates the performance evaluation scores in combination with A Company financial data. Through calculation and analysis, this paper presents the conclusions that the existing performance appraisal system is limited and that the introduction of EVA-based performance appraisal system is necessary. Thirdly, it designs EVA-based performance appraisal system in A Company and calculates the performance evaluation scores with the new method. By comparing EVA-based performance appraisal system with existing performance appraisal system of the Company, data comparison results prove that the EVA-based performance appraisal system to be superior to the traditional one. Finally, by calculating and analyzing above, some useful conclusions are gotten, which is expected to help promote EVA-based performance appraisal system in chemical industry.