The Validity Of Eva Application In High-tech Enterprise In Our Country

Economic value added caused wide public concern to its unique advantage in foreign. It have been to introduced into Many large foreign enterprise and have gotten good results.Since 2001, EVA was introduced into China, many enterprise in our country also use the new value system. But this theory produced in highly developed and mature capital market. Therefore, whether this system can become an effective management tool in enterprise of our country is the focus.In this background,selection of high-tech industry of China as the research object, researching effectiveness of EVA in high-tech enterprise of our country has the significant practical significance.This paper aims to inspect financial performance and market performance on whether use EVA in high-tech enterprise.Firstly,this paper explain the significance and purpose.Then contrasting domestic theoretical and application research to foreign,this paper puts forward the direction of the research framework. In the second part, the theoretical basis, essence, calculation about EVA is given. Correctly using EVA is the premise to correctly calculating EVA.So this part is the back of the study on theoretical and practical basis, it has practical significances.In the third part,on the base of the current theories and research, characteristics of high-tech industry and effectiveness of economic value added of industry of high-tech enterprises was given.This part de script financial effect of the high-tech industry application EVA and market effect of high tech industry application EVA, As a basis of the empirical and theoretical putting forward the assumption of the support. The fourth part is empirical test part. We do statistic and analysis firstly,then put forward the hypothesis and select the define variable, establish the model.Finally, Conclusion:the high-tech enterprise using EVA can obviously improve financial performance and not obviously improve market performance.The innovation of this paper is to use EVA as a dependent variable and connected it with financial performance and market performance.But, because of the limits of the information source, this paper makes the selection of sample exist deficiencies in the integrity and representative, That may cause the results not general representative; Moreover, because of its lack of theoretical knowledge and academic research ability the limit, study the model still exist to further improve the space.