Research On The Value Evaluation Model Of Bankrupt Enterprise Reform

In recent years,bankruptcy reorganization cases of Chinese listed companies are increasing gradually and show a trend of rapid growth.By the end of February 2019,124 companies listed in China have entered the bankruptcy reorganization process.Compared with the 1986 bankruptcy law,passed in 2006,the company's bankruptcy law marks the bankruptcy law of our country has obtained certain result,is a significant progress,but still some problems in practice,there are many loopholes in the bankruptcy reorganization system need make up,this leads to stakeholders to the bankrupt enterprise restructuring value judgment is not accurate,the interests of the enterprise and its stakeholders is not related to security.As a result,there will be more and more stakeholders to evaluate limited resources reorganization enterprise value for reasonable allocation of resources,which requires the bankruptcy reorganization enterprise value assessment in order to better able to evaluate their own resources so as to make reasonable decisions.However,most of the existing research on bankruptcy reorganization focuses on laws and policies,and the research on the enterprise value evaluation of bankruptcy reorganization is relatively incomplete and has a research gap.In addition,the reorganization of bankrupt enterprises is a complex dynamic process,and the existing valuation methods and valuation system can not well evaluate its reorganization value,which makes it difficult for bankrupt enterprises to conduct reorganization value evaluation.Therefore,it is very important to study the value evaluation of bankruptcy reorganization.At present,the research on the valuation of bankruptcy and restructuring enterprises is relatively incomplete and mostly theoretical analysis.There are few studies combining typical cases,and the research is faced with the problem that large sample data is difficult to obtain directly.A case study approach to the study of bankruptcy restructuring enterprise value assessment.This paper selects A company as a case,through the use of operational value theory and social responsibility theory,using case study method to draw a general conclusion,so as to solve how the enterprise evaluates whether to choose the reorganization through value evaluation.Finally,constructing a model suitable for the valuation of bankrupt enterprise restructuring can not only make up for the gap of the existing bankrupt enterprise value assessment theory,but also can be used to guide enterprises how to choose to reorganize or liquidate through value assessment.Finally,through the research,three conclusions are drawn:First,the shell value of bankrupt listed companies is an important part of their reorganization value.For listed companies that are on the verge of bankruptcy,the value of shell resources cannot be ignored,and it is also the most valued by the restructuring party.Considering the factors;secondly,designing the process of reassessing the value of the bankrupt enterprise,and designing the process of reassessing the value of the bankrupt enterprise based on summarizing some basic elements of the bankruptcy reorganization value evaluation model;third,constructing bankruptcy reorganization The enterprise value assessment model,based on the case analysis,draws general conclusions,which are used to guide enterprises in how to evaluate the value of bankruptcy and restructuring enterprises in practice.