The Study Of Listed Real Estate Company Performance Evaluation And Risk Assessment

In the recently years, the real estate industry has become a pillar industry of the national economy, a reasonable evaluation of the operating performance of listed real estate companies is important for national macroeconomic regulation and control. However, the dual attributes of commercial housing, which are consumer goods and investment goods, causing a lot of obstacles on the results of the evaluation of the real estate business. Rationalizing the various factors that affect the performance of the real estate business and making reasonable evaluation, not only to enhance the industry reference standard of performance evaluation, but also to give a reasonable explanation to the cyclical fluctuations of business conditions. The main purpose of the performance evaluation of the agency relationship is reflecting the performance of duties of trustees as well as provide investment information for investors, at the same time, the maximization of corporate value can be promoted.At present, financial indicator analysis and evaluation of economic value added is commonly used for performance evaluation in the domestic real estate industry, while the dual attributes of real estate goods, may lead to speculative hype,with the frequent intervention and regulation of the industry by the government which plays an important role in the economy, which must be considered as factors in the performance evaluation. The relatively complete EVA-BSC evaluation system of Performance evaluation studies, also exist many deficiencies when it was used for the performance evaluation of listed real estate companies.How to linked the complex external environment and various risk factors that real estate companies faced with financial performance of the enterprise, and explaining the relationship between fluctuations in the financial position and the level of risk factors, is a research topic with important theoretical and practical significance.Based on the background, this paper followed the traditional performance evaluation methods, the EVA is applied to the theoretical analysis and effective of performance evaluation, then reasonably quantifie the various internal and external risk factors of real estate enterprises by mathematical methods, and establish a system with combined effect of financial evaluation and risk factors-EVA-risk assessment evaluation system which provide a comprehensive exposition of describing the degree of overall risk and financial evaluation and the relationship between financial evaluation criteria and the risk factors to listed real estate companies, which was also a reference for listed real estate companies rationally evaluate their own performance in the future as well as a advice for cautious investors to choose when theymake investment decision. The research of this paper has a certain practicality and reality.