Research of Financial Evaluation System of Capital International Airport Based on Sustainable Development
|School||Beijing Jiaotong University|
|Keywords||Sustainable Development Financial Evaluation System CapitalInternational Airport Evaluation Indicators Measurement Model|
As sustainable development is the theme of the contemporary world development, our country has already put sustainable development in strategy height of national development. Enterprise as an important element of economy and society, whether it can be sustainable development has an important impact on the entire social and economic development. Beijing Capital International Airport as an important hub of China air traffic, not only bears the responsibility of shareholders, employees, passengers and airlines, but also assumes the legal and moral responsibility of society and environment. Nowadays, some scholars have combined the financial management theory with sustainable development and developed a new area for research on the financial management theory. At present, the enterprise-level sustainable development has not yet formed an effective mechanism of implementation. Capital airport is also lack of a scientific financial evaluation system based on sustainable development to make an objective and quantitative evaluation.In this paper, based on sustainable development, building a comprehensive financial evaluation system for Capital Airport that highlights the current attention on ecological and social evaluation is to promote the harmony and rapid development of our airports, so as to further enhance the international status of China airports.First, based on expounding the content and index system of sustainable development and enterprise sustainable development, analyses the related theories and constructs the theoretical basis of enterprise—level sustainable development, so as to further put forward the necessity of the sustainable development of enterprise. Second, reviews the related literature of financial goal, financial evaluation body, financial evaluation content and financial evaluation model, then introduces the domestic and foreign financial evaluation method and their shortcomings, as DuPont system and the Wal-Mart evaluation method for example, so as to determine the theoretical framework of the financial evaluation based on sustainable development. Third, combined with the capital airport characteristics and sustainable development requirements, puts forward the financial goal that the maximization and balance of stakeholders value, then makes sure the capital airport financial evaluation of multiple evaluation bodies and triple evaluation content. At the same time, according to index drafting principles and the evaluation content of "triple bottom line", designs the financial evaluation index system including social, economic and ecological evaluation, with the analytic hierarchy process to determine the weights of the indexes, so as to build the comprehensive evaluation model of AHP and static harmonious evaluation model. Finally, chooses the relevant data of Capital Airport Co., LTD for2008-2010years to practical use the evaluation index system and evaluation model, then makes analysis and give some advices to the evaluation results.