Empirical Studies Of Domestic Listed Commercial Banks EVA Performance Evaluation

1980s, the United States has created Sternberg Manchester EVA, that is, economic value added, since then, the business performance evaluation gradual transition from profit maximization to value creation. Many domestic and foreign enterprises to start using EVA to evaluate corporate annual operating conditions, including international giants as General Electric, Siemens, IBM, as well as leading domestic enterprises in Qingdao Haier, China Construction Bank, Baosteel. In the field of domestic commercial banks, the earliest use of EVA index system of value creation in the banking sector after the2006China fully open to foreign investment, foreign banks to join so that local commercial banks have to strengthen their own qualities to face fierce competition, with domestic gradually listed commercial banks (as of the end of2012has16commercial banks listed on the mainland), the operating conditions of the EVA to evaluate more imperative.EVA into the enterprise performance evaluation system, the bound with the traditional performance evaluation conflict, which, instead of comparing to do more, the most controversial is the net NI, two were to create operations and maximize profits from the enterprise value evaluation situation. For the comparison between the two, many domestic and foreign scholars have done a lot of research. In this paper, following a previous experience, the evaluation of the operating performance of commercial banks EVA with NI done a comparison, then the value of each bank EVA consistency and whether NI value growth of the16banks studied in four quadrants, Finally, analyzes the main reason for16commercial banks with NI EVA deviations.EVA also studied adaptive expectations and price correlation, no correlation was found between the two, at the same time, through data analysis found that, at the end of each year with EVA value indicates that the role of price adaptive expectations next year, Based on adaptive expectations and banks each year forecast of the2013EVA value of each bank.Finally, according to the analysis done by the previous calculation of the commercial banking sector and the application of EVA summarized, made a number of observations and recommendations, and future commercial banks EVA application put forward.