经济增加值外文文献翻译译文.doc

外文文献翻译译文一、外文原文原文:EconomicValueAddedEconomicValueAdded(EVA),pany,,,,(EVA),forthelasttwotothreedecades,,,itisimperativetogainabasicunderstandingoftheideas,concepts,,-runeffects(Stewart,1991).TheequationforEVAisasfollows:OperatingProfitAfterTaxes(NOPAT)–(Capital*TheCostofCapital).Thisideahelpsmanagersintegratetwobasicprinciplesoffinanceintotheirdailydecision-,,panyisbasedoninvestors’(Stewart,1991).panywouldexpecttoreceivehadtheyinvestedinadifferentvenuewithasimilarrisk(CostofCapital).,--,assumetherateforriskfreegovernmentbondsis6%,panyandindustry,mostinvestorsexpectfrom2%to10%%,addtheriskfreerateof6%,andthecostofcapitalinthisexamplewouldbe10%.petitors,datawerecollectedbySternStewart(2002b).Companieshaveseenhighre