The Influence Factors Of Assets Evaluation Increment Rate Of The Listed Companies’ Restructuring

In recent years, more and more listed companies restructures their assets at a high rate of failure unfortunately. One of the main reasons for the failure is that the trading parties make an unreasonable trading price, misguided by an unreasonable appraisal value of the assets. Although the accuracy of appraisal value is key to assets restructuring, there always is difference between appraisal value and book value, namely assets appraisal appreciation or depreciation. The rate of appraisal appreciation to book value is call assets appraisal appreciation rate, which is an important standard for evaluate whether the assets appraisal value is reasonable or not. Then what factors will affect the rate? Finding them out means a lot for rationalizing assets appraisal appreciation rate, effectuating assets restructuring and rationalizing assets pricing.This article aims to identify the influence factors on assets appraisal appreciation rate in the assets restructuring of listed companies, and construct an analytical frame for the rationalization of assets appraisal appreciation rate. In this article, data analysis and multi-case analysis are combined to be the main method. First, we get the influence factors, their tendency, and their causes by statistically analyzing the assets appraisal appreciation rates of listed companies in China during 2007 and 2014. After that, we choose out five cases, analyze the respective data of the five companies under the cases, and judge whether the respective assets appraisal appreciation rate is reasonable under my analytical frame. As a result, the factors in the ultimate model are verified.In conclusion, the main influence factors for assets appraisal appreciation rate include appraisal method, industry of the appraised company, value type, related transaction, human factors, etc., among which human factors come first. These factors work on assets appraisal appreciation rate synthetically. Taking all factors into consideration, and reducing the randomness of the appraisal method and artificiality of appraisal in a proper way are indispensable for keeping assets appraisal fair an reasonable and facilitating assets restructuring.