Font Size: a A A

The Study Of SD State-owned Asset Holding Companies’ Achievement Appraisial System Based On The EVA

Posted on:2014-11-03Degree:MasterType:Thesis
Country:ChinaCandidate:C X ZhangFull Text:PDF
GTID:2269330425462244Subject:Business administration
Abstract/Summary:PDF Full Text Request
Nowadays, capital market becomes globalization. The most important task for a company is to maximize the value for shareholders. It is a problem for enterprise managers not only effectively improve the value for shareholders and enhance the competitiveness of companies in the capital market, but also beneficial to the company’s continuing operations. From the angle of performance of shareholders’ duties, safeguard the rights and interests of owners, and the responsibility of maintain value for state-owned assets, this paper constructed scientific and reasonable performance evaluation system, established effective incentive and restraint mechanisms for ownership enterprises. First of all, it optimized the performance evaluation system and arranged the content according to the paradigm of "raise problems, analyze problems and solve problems". It focused on the optimization of current evaluation system of SD state-owned investment holding company, and introduced EVA into the performance evaluation of the state-owned company. Then, it collected expert thinking and the thought of ownership enterprises. Next, it integrated Vague set theory, ANP method and Super Decision software to determine the business evaluation structure according to main indicators and classification indicators. At last, it completed the optimization of performance evaluation system of SD state-owned investment holding company. The main conclusions of this study include the following three aspects:(1) This study focused on the establishment of performance evaluation management system based on EVA for large state-owned company. It countered the present management situation and the actual conditions of the subordinate units, and adopted gradual optimization ideas to build the whole performance evaluation system. During this procedure, all personnel involved in, and adjusted the system according to the actual situation. Hence, it greatly improved the operation and practical implementation for the performance management system. It can provide a theoretical basis for the improvement and optimization for performance management system of large state-owned companies.(2) This study introduced EVA into the process of performance evaluation of large state-owned company. It focused on the investigation of case units and the achievement of indicators according to the integration of experts thought method and actual historical performance evaluation. Based on the present situation, it absorbed advanced performance management thinking. The research ideas are step by step and gradually improvement. Through the integration of a variety of mathematics method, it finally obtained suitable performance evaluation system.(3) ring the introduction of EVA into performance evaluation of large state-owned company, in order to scientifically and reasonably determine the evaluation indicators, it investigated completely, and selected key indicators based on the Vague set theory. Also, it determined the weight and ranking for each essential indicator using ANP (analytic network process) and Super Decision software. It makes the determination of indicators more reasonable and more persuasive. This can provide reference for large state-owned company managers to improve performance evaluation system, and promote the management transformation development.
Keywords/Search Tags:State-owned investment holding company, Vague set, EVA, ANP
PDF Full Text Request
Related items