Study On The Evaluation Of Corporate Investment Value Based On The Transparence Of Accounting Information

With the development of China’s economy, the stock market’s roled in the national economy is growing. China’s securities market gradually standardized, value investment philosophy is to become the market mainstream investment philosophy, how would you assess the investment value of listed companies, which angle to evaluate and whether the evaluation of the results is authentic are the focus of the study. In recent years, the concept of transparency of accounting information has been known by the majority of investmenter, it is a generalization of the quality of accounting information disclosure, transparency of accounting information in investment valuation theorists are gradually researched, the article is from this perspective, combined financial position of domestic listed companies, re-build the investment value of listed companies evaluation system, evaluation of the listed companies of the automotive manufacturing, the enterprise value of the evaluation and the transparency of accounting information is then combined, to determine the value of the investment. Within a certain range, we want to be able to enrich and theoretical evaluation to improve the investment value to avoid investors suffered significant losses because of opaque accounting information.At the sametime, more reasonable proposal investment decisions for investors are provided.In this paper, a combination of theoretical analysis and empirical analysis study. The article first introduces the research background and significance of the topic and the research ideas and research purposes blanket introduction of the paper, and the evaluation of the investment value of listed companies at home and abroad and accounting information transparency literature, as well as a summary and evaluation of the literature. Secondly, this paper defines the meaning and characteristics of the investment value of listed companies evaluate, in the paper the investment value is the intrinsic value of the enterprise, based on the size of the intrinsic value of the stock and the stock market to determine whether a company has investment value. Analysis and influencing factors of investment value, including external factors and internal factors. At the same time, the accounting information transparency concept, the existing reflect the transparency of accounting information indicators are diverse, we use the surplus radical degrees to measure, and surplus radical degrees using the Jones model to calculate. The third, the index system of the listed companies of investment value evaluation, mainly from the design principles and limitations are introduced, given after the investment evaluation index system for this design, a total of six terms of13indicators. Finally, the evaluation of the investment value of the automobile manufacturing listed companies.In this paper,we use principal component analysis, principal component extraction of the original index system, established evaluation model of investment value of listed companies, and to analyze the selected sample data drawn car The listed companies in the manufacturing sector investment value evaluation score ranking, the value of the investment is determined by the enterprise value of the evaluation and the transparency of accounting information the value of the investment.After empirical research,we can get the following conclusions:the level of transparency of accounting information for the entire automotive industry is relatively low.Relatively few enterprises have a higher investment value. Companies with high transparency of accounting information whose evaluation and analysis of the results are more credible and actual.