绿色高质量发展视域下农业上市公司GEVA价值评估研究

doi:10.12190/j.issn.2096-1197.2022.03.15

北方农业学报 ›› 2022, Vol. 50 ›› Issue (3): 111-126.doi: 10.12190/j.issn.2096-1197.2022.03.15

绿色高质量发展视域下农业上市公司GEVA价值评估研究

刘学文¹, 谭学想¹, 聂枫云²

1.烟台大学经济管理学院,山东烟台 264005;
2.中国人民银行烟台市牟平区支行,山东烟台 264199

收稿日期:2022-04-07 出版日期:2022-06-20 发布日期:2022-08-09
作者简介:刘学文（1976—）,男,教授,硕士,主要从事财务与金融、高质量发展的研究工作。
基金资助:
山东省社科规划项目

Research on GEVA value evaluation of agricultural listed companies from the perspective of high-quality green development

LIU Xuewen¹, TAN Xuexiang¹, NIE Fengyun²

1. College of Economics and Management,Yantai University,Yantai 264005,China;
2. Yantai Muping District Branch,The People′s Bank of China,Yantai 264199,China

Received:2022-04-07 Online:2022-06-20 Published:2022-08-09

摘要/Abstract

摘要： 【目的】评估绿色高质量发展视域下我国农业上市公司的GEVA价值,推动农业上市公司绿色高质量发展。【方法】构建农业上市公司GEVA估值模型,通过测算实际生态效率,并根据实际生态效率与预期生态效率的差值,调整得出GEVA,进而对公司绿色高质量发展价值进行评估。【结果】我国农业上市公司的实际生态效率总体较高,平均值为167.05%,高于预期生态效率,且大致呈现逐年增加的态势;我国农业上市公司绿色高质量发展价值普遍较低,除2018年GEVA大于0的公司占比达到70.45%外,其他年份占比均低于50.00%。我国农业上市公司GEVA价值差异较大,行业内表现分化明显,GEVA极值呈现“先缩小、后增大”的变化趋势,除畜牧业GEVA和单位GEVA平均值超过总体样本平均值外,其他行业均处于平均值以下,且存在差距过大的现象。我国农业上市公司GEVA价值的波动性较大,GEVA平均值呈现M形变化趋势,在2019年达到峰值,为9.53亿元;2020年GEVA平均值呈断崖式下降,跌至1.02亿元。【结论】我国农业上市公司实际生态效率整体表现出较高水平,但绿色高质量发展价值普遍较低,且行业内分化明显,价值呈现较大波动性。我国农业上市公司应推行“GEVA最大化”管理理念,提高绿色技术创新能力,建立协调发展的长效机制,增强抵御风险能力,实现绿色高质量发展。

关键词: 绿色高质量发展, 农业上市公司, GEVA, 价值评估

Abstract: 【Objective】To evaluate the GEVA value of Chinese agricultural listed companies from the perspective of high-quality green development and promote the high-quality green development of agricultural listed companies.【Methods】Build the GEVA valuation model of agricultural listed companies，calculate the actual ecological efficiency，and adjust the GEVA according to the difference between the actual ecological efficiency and the expected ecological efficiency，to assess the value of high-quality green development of the companies. 【Results】The actual ecological efficiency of agricultural listed companies in China was generally high，with and average value of 167.05%，higher than the expected ecological efficiency，and roughly showing an increasing trend year by year. In general，the value of high-quality green development of agricultural listed companies in China was low. Except for 2018，companies with GEVA greater than 0 accounted for 70.45% the proportion，in other years it was less than 50.00%. The agricultural listed companies in China had diverse GEVA values，and there was a clear performance gap between them. The extreme value of GEVA had a changing tendency of “shrinking first and then growing”. Except the GEVA value in animal husbandry and average unit GEVA value exceeds the average value of the overall samples，other industries fall short of the average value，and the difference is considerable. The GEVA value for agricultural listed enterprises in China fluctuates greatly and the average value exhibits an M-shaped changing trend，peaking in 2019 at 953 million yuan. In 2020，the average value of GEVA plunged sharply to 102 million yuan.【Conclusion】Chinese agricultural listed companies had high levels of actual ecological efficiency overall，but the value of high-quality green development is generally low with the industry clearly differentiated and exhibited high volatility. Based on this，Chinese agricultural listed companies should implement the “GEVA maximization” management concept，improve the innovation ability of green technology，establish a long-term mechanism for coordinated development，and strengthen the capacity to withstand risks in order to achieve high-quality green development.

Key words: High-quality green development, Agricultural listed company, GEVA, Value assessment

中图分类号:

F323

刘学文, 谭学想, 聂枫云. 绿色高质量发展视域下农业上市公司GEVA价值评估研究[J]. 北方农业学报, 2022, 50(3): 111-126.

LIU Xuewen, TAN Xuexiang, NIE Fengyun. Research on GEVA value evaluation of agricultural listed companies from the perspective of high-quality green development[J]. Journal of Northern Agriculture, 2022, 50(3): 111-126.

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绿色高质量发展视域下农业上市公司GEVA价值评估研究

Research on GEVA value evaluation of agricultural listed companies from the perspective of high-quality green development

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