摘要
按照终极控股权和控制层级理论,将北京109家样本公司分为八类。用EVA验证各类公司的价值创造能力,结果得出:样本公司2009年的平均EVA值偏低,均值为0.03%;终极控股股东性质对EVA的影响不显著,控制层级与EVA显著负相关;非政府一级控股公司EVA值最高,其次是政府二级控股公司,他们显著优于政府控股四级控股公司和非政府三级控股公司。
According to the theory of ultimate controlling right and control level,Beijing＇s 109 sample companies can be divided into 8 types.This paper validates their value creation ability using EVA and gets the results： the mean EVA of all samples in 2009 is low,which is only 0.03%;the character of ultimate controlling shareholders has no significant effect on EVA,while there is a negative relationship between control level and EVA;non-governmental first（direct） controlling companies have the highest EVA;the second is the type of governmental secondary controlling;they both have significant higher EVA than that of governmental forth controlling and non-governmental third controlling.
出处
《软科学》
CSSCI
北大核心
2012年第2期113-118,共6页
Soft Science
基金
教育部人文社会科学项目(10YJA630146)
