Research of Liquidity Risk Management Based on EVA Improvement
Economic Value Added (EVA) is an effective performance evaluation and management tools which has been proved by practice, but EVA has an important defect, that is it overlooks the performance evaluation of cash flow, and it cannot manage the liquidity risk of businesses through EVA. By analyzing the current situation of EVA indicator, the paper finds out the problems and deficiencies of EVA indicator in the current performance management system. Then we establish a performance evaluation indicator which can help businesses realize comprehensive enterprise management on business revenue and liquidity risk management. And it shows the superiority of the new indicator by taking top five steel companies as examples. The new indicator enhancing the liquidity risk management features is universal; it can provide new ideas and methods for management of enterprise performance evaluation.
EVA Liquidity risk management Performance evaluation
CHANG Qing BAI Lina DELI Geer
School of Management, Inner Mongolia University of Technology, Hohhot, P.R.China 010051
国际会议
The 5th International Conference on Product Innovation Management(第五届产品创新管理国际会议 ICPIM 2010)
武汉
英文
900-905
2010-07-10（万方平台首次上网日期，不代表论文的发表时间）