Study of the Relationship between the Sustainable Growing Social Responsibility and EVA Performance Evaluation System of Chinese Central Enterprises
- 1 School of Management, Guangdong University of Technology, Guangzhou, China
- 2 School of Management, Guangdong University of Technology, Guangzhou, China
Abstract
Under the background of Chinese central enterprises fully implementing EVA performance evaluation system, this paper takes the 231 Chinese central enterprises holdings listing corporation as a sample, building the relationship model between the sustainable growing social responsibility and EVA performance evaluation system. The study finds that central listing companies performing on the responsibility of government, shareholders, employees, society have active influence on EVA performance system, performing on the responsibility of customers, equity balance degree, enterprise scale and age have negative influence on EVA performance system while the relationship between creditors and suppliers and EVA performance system has not clear yet. We suggest that Chinese central enterprises should combine EVA and MVA into their EVA performance evaluation system in order to build their unique performance evaluation system and provide solid foundation for reference.
- Yang, H.M. and Deng, Q.W. (2011) Study of Social Responsibility and Achievements of Chinas State-Owned Enterprises: Based on Sustainable Development Perspective. Journal of Central South University of Economics and Law, 1, 120-127.
- Zhou, L.B. and Yang, Q. (2014) Effect of Corporate Growth on Financial Flexibility: Empirical Evidence Based on Listed Companies in Manufacturing Industry. Journal of Central South University (Social Science), 20, 33-38.
- Ouyang, C.H. (2014) Study on the Adjustment of Accounting EVA. Communication of Finance and Accounting, 22, 109-112.
- Wang, L.N. (2010) Empirical Analysis on EVA, MVA Index Application. Finance and Accounting Monthly, 3, 43-45.
- Tang, L.P. and Wang, Q.S. (2011) Corporate Social Responsibility and Financial Performance of the Correlation Research Review. Friends of Accounting, 29, 23-25.
- Dong, S.B. (2011) Analysis of Economic Value Added Application in Enterprise Management. Finance & Economics, 12, 158-159.
- Liu, L.H. (2011) On the Relationship between Corporate Social Responsibility and Corporate Financial Performance. Guangdong Social Science, 6, 100-105.
- Liu, J.-Q. and Song, X.-Z. (2011) Corporate Social Responsibility, CSR Communication and Corporate Value. Collected Essays on Finance and Economics, 157, 84-91.
- Wen, S.-B. and fang, Y. (2008) An Empirical Research on Relationship between Corporate Social Responsibility and Financial Performance-Analysis Based on Stakeholder Theory and Panel Data. China Industrial Economics, 10, 150-160.