Empirical Study Of Impact Of Fair Value Measurement Attirbute To The Enterprise Value

Since the1990s, Fair value as a new way of measurement, has been widelydiscussed in the world.Since then, the international accounting standards board (IASB) andAmerica’s financial accounting standards board (FASB), by enacting a series of newaccounting standards, had began to promote the application and development of fair valueaccounting.In2007,fair value measurement model had been widespread introduced In ourcountry,in order to strengthen the accounting coordination and convergence withinternational financial reporting standards.The widespread application of fair valuemeasurement has aroused considerable debate in the accounting theory and practice.But the research on fair value accounting is mainly based on the introduction and theanalyzing of foreign fair value accounting in our country,for example the relevantbackground theories and practical application of normative description.Considering the above situation, the article on the basis of the relevant academicresearch results at home and abroad, theoretically summarizes the fair value and enterprisevalue. The author who get data from Shanghai and shenzhen a-share listed companiesstudied whether fair value changes the influence enterprise value.Results showed that thefair value brought great influence to the enterprise value and increased the enterprise valueof volatility.After rejecting changes in fair value, earnings per share to the enterprise valueinfluence will diminish.The eps excluding changes in the fair value, on the basis of firmsize affects enterprise value, and the capital structure’s influence on the enterprise value isnot significant.Research work of this paper is divided into five parts, and the corresponding researchcontents and conclusions are as follows: The first part introduced this article researchbackground and significance, Outlines the framework of this article.The second part ispresent situation the development and application of fair value in our country.The authorputs forward two relevance of fair value and enterprise value assumptions.The first isChanges in fair value of enterprise value fluctuations. The second is firm size and capitalstructure influence enterprise value. The third part is the related theory of enterprisevalue.In this paper, the fair value literature was summarized the related to enterprise value.The fourth part used empirical research methods. We validated the mentioned twoassumptions.We proved that the fair value influences the enterprise value.Enterprise scaleand enterprise value of the correlation has been confirmed.The fifth part is to overview of research conclusion of this paper.This provides the foundation for later study.