Application Of EVA In Performance Evaluation Of Small And Medium - Sized Manufacturing Enterprises

According to the relevant agencies, to2013, when the number of SMEs in China have much forty-two million, accounting for more than ninety percent of China’s overall number of enterprises, contribute more than60percent of the economy growth, accounting for half of China’s economy. Because a variety of factors, in recent years the international market malaise, slowing domestic economic growth, business costs continue to increase, making it increasingly difficult for SMEs to survive in the face gradually intensified market competition, SMEs can improve internal benefits continue to develop. In this case, the important issues facing China’s capital market is how to objectively and realistically evaluate the performance of SMEs.On performance evaluation, according to the different actors can design performance evaluation system different objectives. In this paper, by exploring stakeholder theory and the value of both managers, start from maximizing shareholder value of their own, for the optimization of small and medium manufacturing enterprises to create value are discussed. Supplemented by the value of management theory and stakeholder theory, performance evaluation system for more in-depth discussion. In this paper, in order to better evaluate the performance of small and medium manufacturing enterprises, adding the concept of economic value added and built a corporate value system of financial indicators, this system is applied to the reality of small and medium manufacturing enterprises, for which an indicator, the need from set up to consider the overall index system, then in accordance with its principles and the actual content needs to be clear and specific indicators and choice. Finally, a small manufacturing company’s financial data for detailed analysis, shows that enterprises in the use of economic value added, can be found in the actual business value created for the enterprise business decision to provide a good orientation.Finally, the paper summarizes and points out the future prospects of economic value added application performance evaluation, providing ideas and directions for the construction of a new method of manufacturing small and medium enterprise performance evaluation system, but also for small and medium manufacturing enterprise value management and strategic management of the implementation of provides a theoretical basis.