以經濟附加價值比較分析中油經營績效

CCUR > College of International Studies and Foreign Languages > English Program of Global Business > periodical articles > Item 987654321/38071

Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/38071

Title:	以經濟附加價值比較分析中油經營績效 A Comparative Analysis of Oil Industry Business Performance Using Economic Value Added as a Measure
Authors:	吳青松吳琮璠蔡爵穗
Contributors:	全商系
Keywords:	經濟附加價值公營事業經營績效石油產業 Economic value added Public enterprises Performance management Oil industry
Date:	2004-04
Issue Date:	2017-08-31 10:27:46 (UTC+8)
Abstract:	本研究旨在提出經濟附加價值（Economic Value Added簡稱EVA）作為評估中油之經營績效的方法，並藉此提出改善建議，提昇其國際競爭力。本研究並以國外公司為研究樣本,共十五家,以比較分析中國石油公司簡稱中油之經營績效。本研究為方法的研究, 以可比較(comparability) 為優先考量重點, 共提出實質EVA、一致EVA、與標準化一致EVA三個衡量方法。研究結果顯示樣本公司之「實質EVA」多半為負值，呈現經營績效不佳之狀態。中油調整售價前「一致EVA」普遍不如第一群及第五群公司之平均值，顯示其相對經營績效較差。然而，由於中油投入資本相對較小，調整後「標準化一致EVA」較其他群組之平均值佳，且減少之幅度也最低。至於中油之投入資本報酬與稅前營業利益率尚與同業之平均值相當，而由於稅前營業利益率與資本周轉率普遍呈現減少之趨勢，導致近年來石油業投入資本報酬率普遍呈現下降之趨勢。最後，以EVA、剩餘利潤及股東權益報酬率作為績效評估指標，結果顯示三者所呈現之趨勢相當一致，但實際數字略有差異。 The purpose of this study is to apply Economic Value Added (EVA) to evaluate performance of Chinese Petroleum Corporation (CPC) and other U.S. oil and gas firms. We select fifteen U.S. oil and gas firms primarily in refinement and sale business to arrive in a meaningful comparison. The contribution of the paper is to develop methodology, specifically, three measures for reaching comparability were developed: Real EVA, Consistent EVA, and Standardized Consistent EVA. Also, Variables in the EVA model is operationalized for the comparative analysis of CPC performance and its world competitors. The results indicate that the performance of CPC is far behind U.S. firms. A lot of research findings and suggestions are given in the paper.
Relation:	中華管理評論 7:2 2004.04[民93.04] 頁104-131
Appears in Collections:	[English Program of Global Business] periodical articles

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML	270	View/Open

View Licence

Loading...