Research On Measurement Of The Five-dimensional Financial Performance Of Innovative Enterprise

Science and technology are primary productive forces.Innovative enterprises are one of the highlights of the era of knowledge economy and important force to adjust industrial structure and enhance national competitiveness.Because they are research and development and technological achievements transformation,which make them the pioneers of high-tech industry's development and the main force in science and technology innovation activities.Thus,it is important to measure enterprises' financial performance and manage their specific operating condition.But it's hard.This thesis attempts to apply the theory of value added statement and performance prism to analyze this problem from the perspective of the stakeholders.Through in-depth analysis of innovative enterprise's features and value added statement theory and performance prism theory,the thesis finds five core interests of innovative enterprises and reveals its impact on measuring financial performance.By this way,the thesis sets up innovative enterprises "five-dimensional" financial performance measurement framework.And the thesis designs innovative enterprises "five-dimensional" financial performance measurement model and the composite index according to five aspects and five dimensions,which are the foundation to determine development goals and provide way of incentive management.Five aspects are satisfaction,strategies,processes,capabilities,contribution.Five dimensions are investor,creditor,labor,enterprise,government.The main contents are as follows:(1)Construction of innovative enterprise "five-dimensional" financial performance measurement model.The model consists of three areas: financial performance value,financial performance index and financial performance composite index.The thesis finds the path to determine the financial performance value and index by the theory of value added statement and performance prism.And the model is the foundation to further analyze five stakeholders' degree of contribution and allocated standard for financial performance.(2)Design of innovative enterprises "five-dimensional" financial performance composite index.The thesis analyses evaluation elements of performance prism from the perspective of the stakeholders to find the path and reason of index.And it can measure the financial performance index of five dimensions.Then the thesis develops them according to distribution thoughts of theory of value added statement.By this way,the subjectivity of financial performance index will be weakened.And the composite index is the basis of decomposing financial performance value.(3)Application analysis.Take the data of Fiber Home and 20 listed companies from communications industry for example,the thesis analyzes its financial performance value and financial performance composite index,calculates the contribution of all stakeholders,and gives reasonable recommendations.Breakthrough of this thesis can be listed as follows.Firstly,the calculation and allocation of financial performance value use the theory of value added statement.Secondly,it designs innovative enterprise "five-dimensional" financial performance index and uses the theory of performance prism.Thirdly,in this thesis,the calculation of financial performance index takes full account of the country's existing relevant system requirements.Then,the thesis enriches the connotation of financial performance and the measurement of it should include factors have a greater impact on its.Finally,the measurement of financial performance of innovative enterprises should continue to change and improve because of its features of high-growth and high-risk.Also we still need further exploration to study this problem.