基于EVA的石化企业绩效评价体系构建与应用研究

Research on the Construction and Application of Petrochemical Enterprise Performance Evaluation System Based on EVA

摘要

石化企业是资本密集型与技术驱动型行业，其绩效水平直接影响国家能源安全与产业链稳定。传统财务指标注重短期利润，难以全面反映企业的长期价值创造。本文基于EVA（经济增加值）理论，构建适用于石化行业的绩效评价体系，从资本成本、投资收益与运营效率等维度系统分析企业价值形成机制。研究采用层次分析与回归模型，对多家石化企业近五年财务数据进行实证检验。结果显示，EVA能更准确揭示资本利用效率与长期增长潜力，克服传统指标的局限。本文提出以EVA为核心的绩效管理路径，包括财务信息系统优化、目标分解与激励机制设计，为石化企业价值导向管理提供实证支持与实践参考。

Abstract

As capital-intensive and technology-driven industries, petrochemical enterprises play a pivotal role in national energy security and industrial chain stability. While traditional financial metrics prioritize short-term profits, they fail to fully capture long-term value creation. This study develops an EVA (Economic Value Added) framework tailored for the petrochemical sector, systematically analyzing corporate value formation through capital cost, investment returns, and operational efficiency. Using analytic hierarchy process (AHP) and regression models, empirical analysis of five-year financial data from multiple petrochemical firms demonstrates that EVA more accurately reflects capital utilization efficiency and long-term growth potential, overcoming the limitations of conventional metrics. The research proposes an EVA-driven performance management approach encompassing financial information system optimization, goal decomposition, and incentive mechanism design, providing empirical support and practical guidance for value-oriented management in the industry.

关键词

EVA / 绩效评价 / 石化企业 / 资本成本 / 价值管理

Key words

EVA / Performance Evaluation / Petrochemical Enterprises / Capital Cost / Value Management

参考文献

[1] 王玫. 基于EVA与五维平衡计分卡结合的中石化业绩评价研究[D]. 天津商业大学, 2020.

[2] 孙意彭. 基于EVA的W石化公司全面预算管理优化研究[D]. 东北财经大学, 2022.

[3] 吕永健. 经济增加值(EVA)及其在石油石化企业的应用[J]. 当代石油石化, 2017, 25(10): 26-28+43.

[4] 潘媛媛. 基于EVA的石油行业绩效评价指标体系研究[D]. 中国石油大学(北京), 2016.