权益资金成本

最后，EVA与净利润最大的区别是在权益资金成本方面，会计调整的影响并不明显。

Finally , the biggest difference between EVA and net profit is the cost of equity capital .

计算权益资金成本则主要采用CAPM模型，模型中的β系数是一个重要参数。

CAPM is mainly used to calculate equity cost of capital . And β coefficient of CAPM is an important parameter .

在计算净利润时应考虑权益资金成本，财务指标计算数据的引用应尽量与企业新会计制度保持一致，改革传统的固定权重的方法，建立综合反映企业社会道德责任履行情况的指标体系等。

Keeping same step with new accounting regulation when citing accounting indexes ; innovating traditional fixed weighing in calculation ; establishing synthetic indexes reflecting firm 's social responsibility .

行业权益资金成本特别是中国房地产行业权益资金成本的计算具有重要的意义，是房地产行业的投资者进行投资决定的主要参考依据。

Calculation of equity cost of capital for an industry , especially for China 's real estate industry is very critical . This would provide an important benchmark for investors of the industry .