The Study Of China’s State-owned Enterprise Value Management Practice Based On EVA

Since joining the WTO10years, continue to promote the reform of state-owned enterprises in China, its value of state owned enterprises in the national economic and social development in the dominant position created in this process has become the consensus of all walks of life value. After the reform and opening up, although have already broken disadvantages of planned economy under the conditions of the production and operation of enterprises is not the pursuit of economic efficiency, but the lack of awareness of the cost of capital, pure profit oriented enterprise performance evaluation mechanism to adapt to the people for the state-owned enterprises asthe main body of the desired response value creation.In this context, exploration has important realistic meaning changing assessment of operation performance of state owned enterprises to create ability orientation from a single profit oriented to the value, andthe value management based on EVA concept isspecific reflect this shift. SASAC has started for the central enterprisesthe full implementation of EVA performance evaluation in2010, which also reflects the Chinese state-owned enterprise performance evaluation of the development trend of the future.The research of the article, combined with the latest achievements inthe theory and practice of domestic and international management EVA value management, in view of the existing in the process of implementing EVA in performance evaluation of domestic enterprisesas the main research object, the use of research methods of empirical analysis and normative analysis method, combining quantitative and qualitative, starting from the basic EVA the concept, theoretical origin,the connotation and extension of EVA and so on, from the perspective of enterprise value management system and quantitative description model and other content from the theoretical level of. On this basis,from two aspects of the domestic and foreign development actual results in EVA performance evaluation and the existing problems were summarized, and the China Unicom implementation of EVAperformance evaluation as an example, is put forward constructive suggestions of EVA value management of state owned enterprises.In the research process, The article dose not constrained by the analysis of the phenomenon, but standing in the trend of our country economic society in transition period as the background, the development of the state-owned enterprise performance evaluation and management of Angle, under traditional accounting index system is given in the state-owned enterprise value management difficulties and practice of the state-owned enterprise value management of EVA perspective necessity, on the basis of trying to construct with EVA value management concept as the core of contemporary state-owned enterprises performance evaluation and general mode of value management, and finally to China united network communications group co., LTD.(hereinafter referred to as "China unicom") as an example for the empirical analysis, for the general state-owned enterprises to adopt EVA management activities under the perspective of performance appraisal and value, provide certain theoretical support and practical support.