Research On Financial Performance Evaluation Of New Energy Enterprises Based On Environmental Effects

Energy is the material guarantee for the economic development of various countries in the world,as one of the seven strategic emerging industries in China,new energy industry have both resources saving effect and environmental improvement effect.The development of new energy industry not only meets the requirements of the era of resource-saving and environment-friendly society,but also it is an important issue in the structural adjustment of supply side in china,at the same time,new energy enterprises play an important role in promoting the development and growth of other strategic emerging industries.As the core content of business performance,financial performance can reflect the operating efficiency and management performance of an enterprise during a certain period,how to evaluate the performance of new energy enterprises comprehensively,scientifically and impartially has become an important topic in the financial circles and the related research fields.The view of this article is transform from the traditional cost perspective to the value contribution perspective,taking the output of resources value and environmental value as the breakthrough point,taking the new energy enterprises with resource saving effect and environmental improvement effect as the research object,reconsidering and constructing the current financial performance evaluation system of new energy enterprises.And the environmental indicators are introduced into the reconstructed performance evaluation system.The introduction of the index can not only analyze the economic benefits of the enterprises,but also put the resources saving value and environment improvement value into consideration,and take the reconstructed evaluation system as the final complete financial performance evaluation system of new energy enterprises.The new system is the further development and improvement of the original enterprise performance evaluation system.This thesis consists of six chapters.The first chapter is an introduction,at first,introducing the research background and the research status at home and abroad,and putting forward the main problems of this paper,Then,the research contents,basic framework,research methods and technical routes are summarized,finally,pointing out the innovations of this paper.The second chapter introduces the concept of new energy at first,then analyzed the important theories which support the research of this paper,including information asymmetry theory,principal-agent theory and resources property right theory which related to financial performance evaluation.Besides,natural resources value theory,environmental value theory and environmental resource value compensation theory which related to environmental effect value measurement were also introduced.The third chapter from three aspects analyzed new energy industry in China,they are the scale,structure and speed,and analyzed its adaptability to the national economy,the performance evaluation methods and characteristics of new energy enterprises in China are also analyzed in this chapter.Chapter four analyzes the environmental problems in the performance evaluation of new energy enterprises in China at the present stage firstly,and then points out the impact of the lack of environmental value on the results of performance evaluation of new energy sources.Secondly,the value model of environmental effect is constructed and the value of resources saving and environmental improvement of new energy enterprises is calculated.Thirdly,based on the above two indexes,the financial performance evaluation index system with new energy characteristics is constructed,which embodies the value of environmental effect.Chapter five,using both factor analysis method and entropy method to study the financial performance of new energy enterprises,and concluded that the environmental effect of new energy enterprises has a significant impact on financial performance,besides,the difference of financial performance among enterprises is significant and the overall cash flow is insufficient.Finally,from the two angles of enterprise and governmentputs forward some policy suggestions,such as strengthening cash flow management,improving R&D technology level and introducing advanced management experience and enhancing core competitiveness.Chapter six is the summary and research prospect of this paper.