Research On The Application Of EVA-BSC Performance Evaluation System

Performance evaluation,as an important part of modern management system,plays an extremely important role in enterprise management,as there is a famous saying"without evaluation,there is no management."With the rapid development of capital market and the deepening of the concept of enterprise management,enterprise value assessment and evaluation of business performance is particularly important.The traditional financial performance evaluation method based on financial indicators has the disadvantages of lagging,poor accuracy(ignoring the opportunity cost of capital)and lack of necessary connection with value creation,which is not in accordance with the demand of the times.In addition,with the rapid development of modern enterprises,ownership and management of the high degree of separation,followed by the high cost of agency constraints of business development.All along,the academic and practical circles are studying and exploring,hoping to find a value management based on performance evaluation methods.This paper will analyze the problems existing in the enterprise and the capital market from the angle of value management,and put forward the solution to the problem in order to improve the efficiency of enterprise management and reduce the operating cost of the enterprise.This paper proposes to construct EVA-BSC performance evaluation system based on EVA-related concepts and BSC(Balanced Scorecard).And the introduction of relevant cases to prove,and concluded:"EVA-BSC performance evaluation system can truly reflect the value of enterprises,effectively reduce the cost of business agents,accurately reflect the results of business operations,effectively motivate managers to create value for the enterprise"The first chapter introduces the research background and the significance of the study,and explains the problems of the modern enterprise and the capital market.The second chapter describes the basic idea and theoretical basis of EVA.Chapter 3 compares and analyzes the traditional performance evaluation system and EVA Performance evaluation of the merits.The fourth chapter excavates the basic factors driving EVA growth,and constructs the performance evaluation system with the Balanced Scorecard(BSC).The fifth chapter introduces the concrete case of Company A and the empirical study of EVA performance evaluation system.The sixth chapter is the conclusion and prospect.