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长期以来,资本市场上比较盛行的业绩评价指标主要为盈余指标。每股盈余一直是衡量上市公司业绩的基准指标。由于会计确认程序的滞后性以及企业存在盈余管理的可能性,盈余指标与公司价值的相关性日益受到人们的质疑。尤其是近几年暴露出来的许多股市欺诈案,使得投资者对盈余指标的信心大打折扣。鉴于这些原因,资本市场上不断出现了许多新的业绩评价指标。首先,许多财务分析师和报表使用者注意到了分析利润表的构成项目比净利润数据更有说明意义。许多上市公司进行报表粉饰的途径是通过资本运作来实现的,这些项目最
For a long time, the performance appraisal indicators that are prevalent in capital markets are mainly surplus indicators. Earnings per share has always been the benchmark measure of the performance of listed companies. Due to the lag of accounting verification procedures and the possibility of corporate earnings management, the correlation between earnings indicators and corporate value is increasingly questioned. In particular, many stock market frauds that have emerged in recent years have dampened investors’ confidence in earnings indicators. For these reasons, many new performance measures have emerged in the capital markets. First, many financial analysts and report users have noticed that analyzing the compilation of income statements makes more sense than net profit data. Many listed companies to spread the word through the capital operation to achieve the most these projects