摘要
激励报酬契约是解决委托人与经营者之间“激励不相容”问题的重要手段,而其关键在于选择科学、合理的业绩评价指标。传统业绩评价指标——净收益和股价相结合的激励报酬契约并没有起到理想的激励效果,以EVA和MVA有机结合的业绩评价指标选择应该是更为科学的经营者报酬契约设计。
Reward encouragement bond is an important means to solve “encouragement incompatibility” between the trustor and the operator, while its essence is to choose the scientific and rational achievement evaluation index. The traditional achievement evaluation index-the combination of net profit and stock price has not achieved the goal of encouragement. However, the achievement evaluation index combining EVA and MVA is a more scientific approach designed for operator＇s reward bond.
出处
《温州职业技术学院学报》
2005年第4期11-13,共3页
Journal of Wenzhou Polytechnic
关键词
激励报酬契约
业绩评价
EVA
MVA
Reward encouragement bond
Achievement evaluation
EVA
MVA
