Evaluation Of Private Benefits Of Control Right Of Listing Corporation And Analysis Of Its Influencing Factors

With the development and improvement of domestic capital market,the merger and acquisition between enterprises is becoming more and more frequent.The evaluation of enterprise value is the important basis of enterprise equity transactions,in addition to the value of the stock itself,the entire assessment industry began to focus on the issue of control premium brought by the equity itself,based on the existing assessment value added,the final formation of equity trading prices.In this paper,we focus on the value of controlling private benefits from the control of the enterprise value,through the selection of the 50 Sample Firms in Shanghai and Shenzhen from 2014 to 2010,a total of 1382 sets of large equity trading data,using the full circulation market model to control the private benefits of the measurement,the average level of private benefits of control of Sample Firms in 2.3%.The empirical study on the impact factors of the control of the control rights,comprehensive analysis of the impact factors of the impact of control,the establishment of a comprehensive index system,the use of multiple linear regression method to verify the relationship between the former first major shareholders,the former ten largest shareholder equity ratio,net assets,asset liability ratio,equity ratio of the original large shareholders,the transfer of equity,the size of the company and the size of the control.And through the case analysis method of ST,the relationship between private benefits of control right and enterprise value evaluation is verified,and the corresponding valuation correction is carried out.Finally,the accuracy of the evaluation value is increased by 1.95%.Finally,on the basis of empirical test,the relevant suggestions are formed,including the impact factors of the control rights of the private benefits,but also to guide the two aspects of the asset assessment practice.