EVA在企业项目投资决策中的应用

吉林大学学报(工学版) ›› 2003, Vol. ›› Issue (2): 80-85.

EVA在企业项目投资决策中的应用

王喜刚¹, 赵丽萍², 赵恩昌³

1. 上海交通大学, 管理学院, 上海 200052;
2. 吉林农业大学, 工程技术学院, 吉林长春 130118;
3. 吉林农业大学, 离退休办公室, 吉林长春 130118

收稿日期:2002-11-11

Application of EVA in investement projects decision

WANG Xi-gang¹, ZHAO Li-ping², ZHAO En-chang³

1. School of Management, Shanghai Jiaotong University, Shanghai 200052, China;
2. Institute of Technology, Jilin Agriculture University, Changchun 130118, China;
3. Retire Management office, Jilin Agriculture University, Changchun 130118, China

Received:2002-11-11

摘要/Abstract

摘要： 通过证明用于项目投资决策的MVA准则与NPV准则的等价性以及年当量EVA与税后NAV的等价性,提出了基于年当量EVA的项目投资决策准则。并以实际案例对其应用进行了分析演示。说明了EVA分析方法应用于企业投资项目评估的可行性和优点。

关键词: 投资决策, MVA, EVA, NPV, NAV

Abstract: It was proved that MVA and NPV are equivalent rules for projects evaluation.Therefore,annual equivalent EVA and NAV are identical measures for projects evaluation.The rule based on annual equivalent EVA for projects evaluation was proposed and applied in a large investment project.The paper also illustrates the feasibility and advantages of EVA analysis in project evaluation.

Key words: investment decision-making, MVA, EVA, NPV, NAV

中图分类号:

F830.59

王喜刚, 赵丽萍, 赵恩昌. EVA在企业项目投资决策中的应用[J]. 吉林大学学报(工学版), 2003, (2): 80-85.

WANG Xi-gang, ZHAO Li-ping, ZHAO En-chang. Application of EVA in investement projects decision[J]. 吉林大学学报(工学版), 2003, (2): 80-85.

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