国有控股上市公司绩效评价体系改进研究

华侨大学硕士学位论文国有控股上市公司绩效评价体系改进研究姓名：王琪申请学位级别：硕士专业：企业管理指导教师：金式容;胡文献200905012009I2002802009IIAbstractInrecentyearswiththestandardizationofcapitalmarketandtheinvestors’rationalization,thecapitalmarkettakesvitalroletoourcountry’seconomydevelopment.Itistooearlytosaythecapitalmarketisournationaleconomybarometeratpresent,butitsimportancewasself-evident,thismightbereflectedbytheattentionofenterprisebenefitcounterparts.AlongwiththedevelopmentoftheState-ownedbusinessesjointstocksystemreform,moreandmoreState-ownedbusinessesmovetowardthecapitalmarkettoissuestockunderthegovernment'ssupport.Ourcountry'scapitalmarketgetsbetterandbetter,andthenumberofstateholdinglistedcompanywillcontinuetogrow,alsothecapitalmarket'svalidityenhancesunceasinglyandplaysthegreatimportanceroletobelistedcompanies.Therefore,itisinevitabletoestablishtheachievementsappraisalsystemtoadaptnewstockholder'srightsmechanism,andthenfurtherrevisesandconsummates.Throughthecorrelationanalysisofdatafromeightystateholdinglistedcompanies,removethehighrelevanceoffinancialratiointheexistingstate-ownedcapitalintheperformanceevaluationsystem,atthesametime,accordingtotheactualsituationofstateholdinglistedcompanies,itimprovedthefinancialsystem.Atthesametime,basedontheScorecardtheorythenon-financialratiosimproved;theuseofamorescientificmethodofvariationfinancialindicatorstoadjusttheweightsofAbstractIIIfinancialindicators,andthenon-financialratiostillwithexpertopinion,withthepurposethatthesystemwillbetterrelfecttheactualsituationofstateholdinglistedcompanies.Keywordsstateholdinglistedcompanyachievementsappraisalthecorrelationanalysisindexsystem2009111.1200812311604109489.9437774.8349847.6725189.9950.53%2006199820022121.21.2.119[1]2020093[2]1939MichhaelKesne[3]2050MM[4]1971Melnnes301978208020802080[5]14BalancedScoreCardEconomicValueAdded1.(RobertHall)2.(KelvinCross&RichardLynch)200953.2090[9]199012199219931996199916500604.EVA19581961EVAEVAEVAEVAEVA5.1000(Standard&Pool's)50050050200975020%A20%B20%E1.2.2[10]819926186()1995()101999644332200223228620031120099200651.1999620022()2.[11]6:1103.199950:4:4.[12]()2020[13]2006EVAEVA[14]2007452,2003,[15]200620091120061.320028020091222.190[16]1992199510101997199962132.2[19]12009142.1100100100100382513128810189955820128101024121298718161214121010880%20%2.2.128[19]811=/100%2=/100%21521=/2=/100%31=/100%2=/41=/100%2=/100%1211=/100%2=/100%3=/4=/100%2l=/2=/3=/100%31=/100%2=/100%42009161=[/1/3-1]100%2=[/1/3-1]100%3=/100%8123456782.2.2[19]5::...217..0-1:.1.0.8.0.6.0.4;.0.2;.0A,B,C,D,E1,0.8,0.6,0.4,0.202.2.3[19]:5:==+==[-/-]-=20091810002010200=/====/=1.0++0.2-=-/-/101.00.92021911.121.00.830.9401.00.931.041.0=/5==/200920=80%+20%ABCDE+-185705040A8585B70-8570C50-7050D40-5040E402A++A+AB+BB-CC-DE55,60C-6060CDE+-A+D322112320004562.32.3.1[20]3332[21]82009222.3.2:1.[22]42182.:3.[23]223:825%20%4.,,,,,,,,5.[24]2009246:(1)[25](2)()(3)320092533.13.1.1()()()()(),802006SPSSforWindows11.153.1.21[26]22004830326()83.2SPSSforWindows11.153.2.1rr0,r0,|r|0.95|r|0.80.5|r|0.80.3|r|0.5|r|0.33.2.22002200927spss11.153.1Correlations1.684**.043.133.813**.140.000.708.241.000.216808080808080.684**1-.084.344**.722**-.160.000.457.002.000.156808080808080.043-.0841.014-.077.102.708.457.902.495.369808080808080.133.344**.0141.180-.364**.241.002.902.109.001808080808080.813**.722**-.077.1801.037.000.000.495.109.745808080808080.140-.160.102-.364**.0371.216.156.369.001.745808080808080PearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NCorrelationissignificantatthe0.01level(2-tailed).**.3.2Correlations1-.521**-.130-.348**.000.251.00280808080-.521**1.168.583**.000.137.00080808080-.130.1681-.027.251.137.81380808080-.348**.583**-.0271.002.000.81380808080PearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NCorrelationissignificantatthe0.01level(2-tailed).**.3283.3Correlations1-.163-.591**-.643**.149.000.00080808080-.1631.123.128.149.276.25880808080-.591**.1231.959**.000.276.00080808080-.643**.128.959**1.000.258.00080808080PearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NCorrelationissignificantatthe0.01level(2-tailed).**.3.4Correlations1.324**-.021.103.003.852.36880807878.324**1.159.054.003.166.64180807878-.021.1591.147.852.166.19878787878.103.054.1471.368.641.19878787878PearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NPearsonCorrelationSig.(2-tailed)NCorrelationissignificantatthe0.01level(2-tailed).**.0.8130.9592009294[27]()()()4304.14.22009311=/64.1Correlations1.684**.344**-.084-.160.255*.000.002.457.156.023808080808080.684**1.133.043.140.112.000.241.708.216.325808080808080.344**.1331.014-.364**.031.002.241.902.001.782808080808080-.084.043.0141.102.265*.457.708.902.369.018808080808080-.160.140-.364**.1021-.138.156.216.001.369.222808