The Influence Research Of Biological Assets Holding Of Agricultural Listed Companies To Company Value

As the important factors of agricultural production and business,biological assets are main operating assets of agricultural listed companies.In the context of agricultural capital market's increasing improvement,the company has increasing economic behaviors related by biological assets,and the position of biological assets in company is increasing,so biological assets can not only bring a certain amount of economic benefits to the company,but also have a positive influence on company value significantly.However,at present,there is a lack of research on the impact of biological asset holdings on the value of companies in agricultural listed companies.Researching the relationship between the above two in deep will not only help explain and verify the relationship between biological asset holdings and company value in theory,expand the literature on biological assets and company value,but also may in practice promote the value management of agricultural listed companies Provide useful references.Therefore,how to further promote and increase the value of agricultural listed companies and accurately identify the impact of biological assets holding on agricultural listed companies on the value of the company has become the most important.The paper takes agricultural listed companies as the research object,and analyzes the impact of agricultural listed companies' biological asset holdings on the value of the company from the three aspects of biological asset holding scale,growth level and quality of information disclosure,and puts forward related research assumptions It provides a theoretical basis for subsequent empirical analysis.At the same time,by examining the holdings of biological assets of listed agricultural companies,this paper knows that although there are differences in the holding scale of biological assets of listed agricultural companies in China,the overall size of the holdings of biological assets of agricultural listed companies in China is relatively stable;Although there are differences in the quality of the disclosure of biological asset holding information of listed agricultural companies in China,they are generally high.Based on this,this paper constructs a multiple linear regression model to empirically analyze the impact of biological asset holdings of listed agricultural companies on company value.At the same time,this paper uses a fixed effect model and a mixed OLS regression model to test the robustness of the regression results.It can be seen from the regression results that the proportion of biological asset holdings,the growth rate of biological asset holdings,and the quality of information disclosure of biological asset holdings have significant positive effects on the value of listed agricultural companies in China.Based on the results of the above research,this article proposes proposals to further increase the value of listed agricultural companies from three aspects:expanding the scale of holding biological assets,increasing the growth rate of holding biological assets,and improving the quality of information disclosure of biological asset holdings.