Application of EVA in the Performance Evaluation of the State―Owned.doc

Application of EVA in the Performance Evaluation of the State―Owned 　　[a]PhD. School of Economics and Management， University of Electronic Science and Technology of China， Chengdu， China. *Corresponding author. Supported by Humanities and Social Sciences Project of Ministry of Education of China （No. 12YJA790125）. Received 13 June 2013； accepted 16 August 2013 Abstract With rapid improvement of Chinas market economic operation mechanism， competition of enterprises is growing. Traditional evaluation indicators that measure performance of enterprise have become increasingly prominent defects. In this paper， we use the emerging evaluation method of enterprise performance?Economic Value Added （EVA） to study the performance of the state-owned listed companies. We make China Eastern Airlines Corporation Limited as an example to study the performance of state-owned enterprises. This study helps to regulate corporate financial management behavior， so that corporate investment decisions are consistent with the funding decisions. Key words： EVA； Performance； Financial； State-owned enterprise DU Xuefeng， TIAN Yixiang， ZHANG Gaoxun， （2013）. Application of EVA in the Performance Evaluation of the State-Owned Enterprises： Case in Eastern Airlines Corporation Limited. Management Science and Engineering， 7（3）， -0. Available from： URL： http：///index.php/mse/article/view/j.mse.19130353569 DOI： http：///10.3968/j.mse.19130353569 INTRODUCTION As Chinas capital market matures， the value of investment in Chinas capital market dominance. Since the state-owned enterprises has unparalleled technical advantages， personnel and financial advantages， the state-owned enterprises occupies an important position in Chinas capital market. At present， the existing methods that are used to measure the value of corporate often are based on accounting performance indicators and market indicators. But accounting performance indicators， such as return on a