The Case Study Of The Impact On Corporation Value Made By The Earning Quality Of Private Listed Company

The study of earning quality and corporation value has been a widely watched research subject abroad. Earning quality is the main variable which has a great impact on corporation value. Investees and creditors are attached as the most important factors to evaluate a company. Earning quality as a comprehensive measuring index to appraise the enterprise performance, is the signal which controls the resource allocation in the capital market. Earning quality plays a unique role in evaluating a company, which leads to a series of accounting fraud incident home and abroad, resulting in the lowness of earning quality, which becomes one of the most difficult problems in capital market around the world.In China's capital market, private listed companies are developing boomingly as a new force. How to insight into the real profitability and the potential of the company; find out the crisis that the company might be confronted with in time, and then make the correct decision to invest, all of which depend on the correct judgments for the value of the company. Therefore, to discuss the impact on corporation value made by earning quality of private listed companies is imperative.This paper makes a use of 207 sample companies from private listed companies as sample data, in the analysis of the surplus value of quality and the theoretical basis,combing DD model with Johns model to measure earning quality. Accruals is defined as the working capital accruals, the use of residual standard deviation to represent the quality of its earnings, its value as a measure of the company the main variables.With the help of Spss software, Pearson correlation coefficient between variables can be checked. Then the standard deviation of the model residual can be acquired to indicate earning quality through the multiple regression analysis, which is a main variable to measure corporation value, in this paper, the market value method to evaluate the company. Furthermore, p/e ratio (PE) is used as the token variable of corporation value, establishing regression model of corporation value index PE ,and joined the company would, and the growth in assets and the return indicators, and asset liability ratio spss software testing the correlation coefficient between variables pilsen, Spss software testing help the correlation coefficient between variables pilsen, multiple return to analyze the quality of private listed company to company. On the quality of private listed companies in the value of the study of the surplus quality, the higher value, the higher quality, and found the surplus value is the most important variable.