The Factor Analysis Of The Deviation Of Assets Appraisal In Listed Companies

The deviation of assets appraisal in this paper is the deviation of assets appraisal incommon, as well as the appraisal increating rate, which is the major standard determiningthe assets appraisal quality and the important factor constrainting the sustainabledevelopment of the industry. Because there is only a few years for the development ofassets appraisal in China, so research on deviation of assets valuation isn't perfect thisaffects the result of the assets appraisal. Therefore how to minish the deviation of assetsappraisal effectively has already revising the attention of people abroadly. This paperproposes a method of research on the major influencing factor—Factor Analysis andPolynomial Regression, which bases on the expatiation by the numbers upon thecorrelative theory and study, according to the quantitative means and qualitative means.Firstly, this paper stresses it study on the deviation through the increasing rate; then thepaper analyse the influencing factor of the deviation from the corner of quantitative. Next,this paper look back the calculating result of the increasing rate from 1992-2003 and countit in 2004-2006, then we get a result that the appraisal increasing rate becomes less and less.Lastly, this paper research the increasing rate from the corner of qualitative, which is alsothe most important content of this paper: for one thing, this paper classified the data offorenamed three years and picked net assets scale, enterprise scale, intangible assetsproportion, floating assets proportion, floating assets increment ratio and liabilitiesproportion sum to 6 indexes, then carved up them to 3 factors by the Factor Analysis andformded the Factor Analysis Model; secondly, the paper founded the PolynomialRegression Model through choosing the 3 factors as independent variable and theincreasing rate of assets as dependent variable, in order to found their practical explanation,it is conclused that the explanation of factor2 is the best, factorl is minor and factor 3 is theworst.