主题：解读国资委新政策——央企实施经济增加值考核 -- 土拨鼠yuanap
post, EVA is a measure with both merits and weaknesses. One weakness is it fails to take into consideration the volatility (business and industry risk) of different firms.
BTW, financial service should be treated separately--leave this aside.
The gov. needs to make adjustment to the interest rate to reflect such risk difference. One can not use ONE raw rate.
Hydro Electric is very stable business. I know it because my friend is in charge of the audit of one of the largest NAmerican Hydro firm. EVA is still a good tool in reduce unecessary capital expenditure--but firm can go around it by changing capitalization criteria.
Financial service is special industry. Even in US conglomerate, it is evaluated separately from manufacturing/utility divisions. I am surprised that Guo Zi Wei does not separate electric utility from financial service, THAT'S COMMON SENSE in America.
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🙂本来就是起草文件的人不懂业务，怪不得下面不理他 6 wqnsihs 字276 2010-01-23 06:22:08
🙂wrong, HQ level 1 parishg 字409 2010-01-23 10:29:50
🙂任何监管措施必须考虑可行性和监管成本，同时必须具体情况 2 wqnsihs 字122 2010-01-23 17:28:35
🙂as I mentioned in previous p
🙂不是国资委没常识，而是具体执行的官员在敷衍了事 16 wqnsihs 字730 2010-01-23 19:03:55
🙂这个太搞了！ 无想 字48 2010-01-24 19:08:06
🙂去这种部委汇报工作（xxx委，xxx委等等都一样），待遇 27 wqnsihs 字666 2010-01-24 19:20:58
🙂I see. My two cents. 1 parishg 字3302 2010-01-23 20:05:46