Research On The Influencing Factors Of The Assets Valuation Quality

In recent years,the asset valuation quality report disclosed by listed companies has been surging,the vast majority of which involves related party transactions,related parties through the manipulation of asset valuation results to achieve the benefits of delivery,asset evaluation reduced to the interests of related parties "accomplice",which led to The quality of the assessment of asset is generally worrying.However,despite the domestic research results,there is no Authoritative research results in china,Although the valuation quality widely mentioned by domestic evaluation theory and practice,but what is the essence of Assets Appraisal quality is less involved and so neither the evaluation and measurement of the assessment quality.most of the study use the value-added rate of assessment,the difference rate of assessment or the deviation of Assessment as a measure of the quality of assessment,but There may be essential differences between them,so using them as the measure is questionable.In this paper,using the quality of asset valuation which transactions is taken between Related party companies as the object.using it’s results to define and measure the quality of asset valuation.according to the Supply and demand theory to find The factors influencing the quality of asset evaluation empirically.In theory,this paper opens up a new perspective on the quality of asset evaluation using the result to define and measure the quality of asset evaluation;This paper studies the influencing factors of the quality of asset evaluation from the perspective of supply and demand theory forms the research paradigm of theoretical analysis and empirical research,and provides the methodological guidance for the related research.In practice,the results of this paper can provide policy guidance for the construction of China’s asset evaluation and supervision system,improve the supervision system of asset evaluation,and provide guidance policy for the healthy development of China’s asset appraisal industry.In the theoretical part,the author first defines the concept of the quality of the assets and finds that the quality of the assets is measured by the actual profits generated by the enterprises.Then,the quality of assets assessment is defined as the actual performance of the assets after three to six years after the related transaction is completed.The empirical study begins with a description of the design,including sample acquisition and screening,variable setting,model building,and proposed hypotheses.Followed by descriptive statistical analysis and some preliminary tests,combined with non-parametric tests and multiple regression analysis.This paper studies the impact of large shareholders ’support behavior,profit characteristics,evaluation institutions and assessors on the quality of asset evaluation based on the perspective of listed companies’ affiliated transactions.The non-parametric test finds that the quality of asset evaluation of large shareholder support is better than that of which lack of large shareholder support.The results of multiple regression analysis show that:(1)There is a negative correlation between the the quality of the assets assessment and continuous loss,the profitability and the rights issue;(2)assessors who has the qualification of securities and have longer Occupational years can improve the quality of asset assessment,But did not find that the size of the assessment agency has a significant impact on the quality of asset assessment.Finally,it summarizes the whole paper,expounds the basic conclusion of the whole paper and puts forward the corresponding policy suggestions,then explains the limitations of this paper and the prospect of future research.This paper is expected to have two innovation,first is Research perspective innovation,Few scholars have done research on the quality of asset evaluation,regardless of whether or not to mention the quality of the asset assessment.Most of the research is using the value-added rate,the difference rate or the deviation as a key variable in the study.Let alone authoritative research results.Based on the supply-oriented theory,this paper analyzes the influencing factors of the valuation quality from the perspective of supply and demand,and focuses on the motivations of the related party transactions and evaluation institutions、The feature of appraiser’s assessment.Another one is research content innovation,Throughout the domestic research results,the higher quality research results is less.Through theoretical research and empirical test,this paper studies the influencing factors of the valuation quality systematically comprehensively.Striving to achieve a higher level of the country in this field.