The Economic Analysis Of Assets Appraisal Theory

In the past twenty year, the assets appraisal industry development played an important role in promoting the market economy development and the reform process of economic system.The aim of assets appraisal industry from "in order to prevent the loss of state-owned assets and keep the value of state-owned assets " gradually turned to promoting trade, maintaining the rights of property, transformating shareholding system, constructing the order of the market economy, building and improving the capital markets and promote liquidity, and optimizing the allocation of resources. Along with the rapid development of assets appraisal practice, Chinese scholars also had a lot of theoretical research, most of which focused on the evaluation practice.Whereas the research of assets appraisal basic theory are scattered,which lags behind the development of the assets appraisal practice. And this situation has restricted the long-term and sustainable development of assets appraisal industry. Accordingly,the assets appraisal theory study also has more development space to mature by improving gradually. Meanwhile, as a subject, assets appraisal theory must have a solidity theoretical foundation and the proper position in economics system. If it doesn't go further systematically study in theory and establish a recognized assets appraisal theory system which is in accordance with the development of economics theory, reaction the economic principle, assets appraisal can't exist as an independent discipline any more. Because the assets appraisal industry is lack of economics foundation, the research of the assets appraisal basic theory analysis from the perspective of economics has a profound meaning both in theory and practice.This article divide appraisal theory into appraisal orgin theory, appraisal core theory, appraisal basic theory and appraisal normative theory,around the core issue of asset appraisal value, which systematically analysis the application in appraisal theory with different economics concepts, mutual relationship and the logical vein.First,the production of appraisal industrial is to help the enterprises or other economic actor to gain the information of assets value with lower transaction costs.Thus the existence of transaction costs constituted the economics basis of the appraisal as a specialized intermediary service.Second,economics value theory is the foundation of asset appraisal theory,of which different economic value theory explain the causes of the formation of asset values.Third, the appraisal purpose stipulated the use of appraisal results,the appraisal assumption is the abstraction of the market and assets state,appraisal principles is the criterion which make sure the appraisal into reality, appraisal approach is the thinking followed by specific appraisal technique.There have corresponding relation between economic value theory and these appraisal elements,and economic value theory is the theoretical reason of appraisal target ,appraisal assumption,appraisal principles,which is the theoretical guidance of choosing approach and getting the scientific and reasonable appraisal value.Finally, appraisal criterion is the connection theory between appraisal theory and appraisal practice, which is a political processes and a gambling process among each stakeholder, and the ultimate goal is to serve for getting fair and reasonable assets appraisal value.It is the foundation of healthy development of appraisal industry.