Title :
Research on Relations between Fair Value and Stock Value
Author :
Wang, Zhi-liang ; Wang, Yu-jie
Author_Institution :
Sch. of Econ. & Manage., North China Univ. of Technol., Beijing, China
Abstract :
The enterprise market value includes the fair value of net assets, the fair value of residual income, and the impact of Non-Economic Factors on share prices. In addition to the fair value of net assets, the measurement of enterprise excess profitability (Self-created Goodwill) could revise the differences between the fair value of financial statements´ items and the stock value, and help the fair value to regain the value relevance. The Non-Economic Factors should be considered not only during the value relevance test, but also when to explain the results.
Keywords :
profitability; share prices; stock markets; enterprise market value; fair value; financial statement; non economic factors; profitability; residual income; share prices; stock value; value relevance test; Companies; Cost accounting; Equations; Lead; Mathematical model; Profitability; Stock markets;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998481
