Uncertain Analysis on China's Valuation Practice

Shaobing Yan

《World Scientific Research Journal》 5卷12期 (2019/12) Pp. 30-44

https://doi.org/10.6911/WSRJ.201912_5(12).0005

摘要

Uncertainty is substantive characteristics of valuation. Main purpose of this research is to verify the existence of uncertainty factors in China asset valuation extent and its disclosure function, which is to guide information disclosure method used in valuation report, and guard of financial market bubble and financial market risk. According to anonymous questionnaires on appraiser, we got that most appraisers agree the wide existence of uncertain factors. They think disclosure of valuation results should be in certain scope of rate and have high agreement of disclosure standard in uncertain factors. The cognition and disclosure of uncertainty can improve accuracy of valuation report and faith of appraiser, avoid or decrease risk in financial market.

關鍵字

Uncertainty ； Disclosure of Information ； Aasset Valuation

參考文獻

French, N. and Gabrielli, L., “The uncertainty of valuation”, Journal of Property Investment & Finance, 2004, Vol. 22 (6), pp. 484-500.

Michael Mallinson, Nick French, "Uncertainty in property valuation--The nature and relevance of uncertainty and how it might be measured and reported", Journal of Property Investment & Finance, 2000, Vol.18 (1), pp.13-32.