摘要
EVA是由SternStewart&Co .在 1989年设计出来的 ,作为一种有用的管理工具 ,不仅可利用它来分析企业的管理绩效 ,作为企业经理人员报酬计划分配的一种手段 ,而且可用于企业并购、资本预算以及证券投资评价等。而本文则主要分析了EVA与MVA间的关系 ,并证明在项目投资评价中 ,MVA与NPV之间的等价性。
EVA was designed by Stern Stewart & Co. in1989. As a useful management tool, it can be used not only in analyzing the management performence of enterprise, which is a method to allocate the awards for management personnel, but also in the fields of enterprises merging, capital budgeting and assessment of securities investment. This article mainly analyzes the relations between EVA and MVA and proves the equivalent of MVA and NPV in assessment of project investment.
出处
《武汉科技学院学报》
2001年第4期60-64,共5页
Journal of Wuhan Institute of Science and Technology
