A Research On Evaluation In Bad Financial Assets

In 1999, Our government come into existence CINDA EAST CHANGCHENG HUARONG four Financial Asset Management Company by according as the situation of our country ,In order to treatment bad asset of state business bank , This is decision-maker's impersonality estimate accorder to our country'economic and financial status and do important decision-making using for reference international experience. It is a important action to solve the financial risk. In four years, Financial Asset Management Company did some achievement in dealing with bad asset. The precondition of treatment bad asset is impersonality evaluate and make a price in reason. But because the special of the financial bad asset, In the evaluation of bad asset, only the evaluation of thing right and equity capital is like old evaluation, a mass of evaluation are creditors'right. But now in our country, the money market isn't very faultiness, as well as no market price can consult. Now in this area, we have more new question. How can we make a scientific and impersonal price is a difficult problem with Financial Asset Management Company . The text research the evaluating of financial bad asset form theory and measure. The text mostly do research in the evaluating of creditors'right and thing right, emphasize particularly on the evaluating of creditors'right. Penman do this research from the way of the evaluation'precondition and basic means, meantime I get going from the work that deal with bad asset and combine the experience of the managing-work of evaluation. I try hard to analyzing the obstruction and question in more arrangement and advance the solution way. The text on the basic of the measure of individual adding approximate, the measure of liquidation price, leading the prescript of the bankruptcy law, aiming at the characteristic of bad asset of state business bank, At last, I design the thought way of creditors'right evaluation when we use the individual adding liquidation measure. The individual adding liquidation measure is the important measure in this text .In the design of this measure , I creationary bring the correlation responsibility third party of creditor's rights into evaluating bound. This is the other new in this measure. Owing to the right flaw of bad asset, I design the adjusting coefficient. This may got more scientific result. In order to define the adjusting coefficient , I use DLF measure. I design example to check the individual adding liquidation measure, at last ,I got the conclusion: the individual adding liquidation measure is the good measure to evaluate bad asset.