The Research Of Managers Performance Evaluation Based On Value Creation

With the increasing maturity of the market economy in China and China’s rapid economic development, the commission agent between business managers and owners has drawn increasing attention. One of the effective measures to solve the principal-agent problem is to establish the company’s management incentive and restraint mechanisms. Chinese scholars’ research focus on the remuneration of managers design incentive model at the present stage, But manager performance evaluation is the basis of the the enterprise rational design of incentive system and pay mode. How accurate and effective measurement and evaluation of the performance of the business managers, has an important significance to improve the corporate value.But the reasch about managers performance is relatively small.In this paper, the relevant literature and theory combing performance evaluation at home and abroad, to sort out the logical premise of the theory of corporate governance and performance evaluation theory and corporate value creation. For existing managers performance and company performance, regardless of the status quo, discusses the differences and connections between managers performance and business performance, Although there is a large degree of overlap between company’s performance and manager performance, but in many ways there is a great difference. Based on the analysis of the performance evaluation model of managers, Research on the existed management problems in performance evaluation; The main clue to the value creation and value management, drivers of manager performance evaluation index system is constructed in accordance with the value of economic value added, The index system including both financial and non-financial aspects, Simplify financial index system contains four basic financial capacity of nine indicators and non-financial index system contains four basic financial capacity of eight indicators. Then design a comprehensive performance evaluation model to reflect the value created by the managers, The model using analytical hierarchy empowerment indicators, And design a simple and feasible model managers performance evaluation, and application of the results of the evaluation are described.