Financial Efficiency of Electric Power Listed Company Based on EVA Model

Author

Duan, Baoqian ; Tian, Li ; Hong, Haolin

Author_Institution

Sch. of Bus. & Manage., North China Electr. Power Univ., China

fYear

2008

fDate

13-15 Dec. 2008

Firstpage

79

Lastpage

82

Abstract

EVA is the performance measurement indicator as the center of creating the shareholder value. With calculation of annual fund utilization efficiency of the electric power listed company by EVA model, it is approved that the blindness of electric power enterprises in choosing equity financing has reduced fund utilization efficiency. Considering the high rate of return on assets as well as the fact that the debt cost is lower than stock equity cost, debt financing model is more applicable than equity financing for electric power listed companies.

Keywords

financial data processing; stock markets; EVA model; debt financing model; electric power enterprises; electric power listed company; equity financing; financial efficiency; fund utilization efficiency; performance measurement indicator; shareholder value; stock equity cost; Blindness; Companies; Conference management; Costs; Economic indicators; Energy management; Investments; Measurement; Security; Stock markets; EVA; debt financing; electric power listed company; equity financing; financial efficiency;

fLanguage

English

Publisher

ieee

Conference_Titel

Security Technology, 2008. SECTECH '08. International Conference on

Conference_Location

Hainan Island

Print_ISBN

978-0-7695-3486-2

Type

conf

DOI

10.1109/SecTech.2008.37

Filename

4725349