The Application Research Of EVA In The Performance Evaluation Of China's GEM Listed Companies

The performance evaluation results of the GEM listed companies has always been an important part of investors and stakeholders to grasp the direction of investment,but through the performance evaluation results,the result is not always satisfactory,the reason is that the traditional performance evaluation methods can give investors a little information in the performance evaluation,which is subject to the traditional performance evaluation index the delay and loss of function prediction,in order to get real results more clearly,business process needs another way,find other ways.The evaluation method of EVA performance as the main part of the theoretical system of EVA,has a unique advantage of the traditional methods do not have performance in enterprise performance evaluation,namely the EVA station in the view of value added value of the enterprise,bypassing the business process,the operator for a purpose of reporting data or whitewash profit adjustment,can reduce the data information the distortion in a large extent,enterprise performance,return to the real.In this paper,based on the study of the theory of EVA performance evaluation,through the research scope: the listed companies of gem.Research perspective: the comparison of EVA performance evaluation with the traditional performance evaluation method based on DuPont analysis system.Try to give an answer like this: 1,EVA method in enterprise performance evaluation has more advantages than the traditional method,the conclusion is more persuasive;performance evaluation methods,EVA 2 companies listed on GEM conclusion still has credibility.This paper selected the case which was the number of companies listed on GEM,le TV.The research is in the life,combing the EVA base,EVA is used to analyze the applicability of China's GEM market as a whole,and then will be focused to a point,namely music online,to the relevant earnings data information through caning search,in strict accordance with the EVA formula in the adjustment,the EVA value was calculated,and the use of LETV 2010 to 2015 EVA value analysis.This paper selects 3 point analysis and the traditional methods of comparative study,the 3 points are: EVA--a comparison with the net profit of 1,the static performance evaluation;EVA--a comparison between the rate of return on investment and net interest rates of 2,profitability evaluation;comparison of 3,sustainable development ability evaluation,the growth rate of EVA and net profit growth rate.As mentioned earlier,this paper on the basis of EVA in three aspects with the traditional performance indicators of comparative analysis carried out,this is the research angle,is the key part of the article,in this part,through in-depth data mining,trying to find the EVA in terms of performance evaluation than the traditional performance evaluation method has the advantage in computing in the process,indeed in the comparative analysis on the data to achieve the purpose of this paper,from the perspective of the case study demonstrated the superiority of the evaluation method of EVA performance compared to the traditional accounting evaluation method.