The Study On Correlation Between Stock Prices And Agricultural Listed Companies' Financial Information

Agriculture is the foundation of our national economy, agricultural development depends on scientific and technological inputs, while the development of agricultural science and technology depends on financial support. Financing in the capital market is vital for the agricultural development. Agriculture listed companies'current situations, such as having a relatively small scale, having difficulties in confirm the measurement of assets, having a poor resistance to natural risks, and investing in agriculture is difficult to make profits, make agricultural listed companies do not get more attention. The major problem is how to lead investors to invest the agriculture listed companies through the company's disclosed financial information disclosure. However, theorists did not give much more attention for the special group. The study on financial information and stock price is a result of development of capital market .With the development of the capital market, the relationship between the accounting information and stock price becomes more and more important not only in the practical investment field but also in the theory field. The article's purpose is provides the theoretical basis and methods about he relationship between the accounting information and stock price,The main conclusions of the dissertation are as follows:(1) Taking the 93 agricultural listed companies' financial information and stock price as the research object and using statistical analysis and regression model analysis. The divided finical informations into four categories of indicators: growth ability index,profitability index,management ability index,debt paying ability index, Analysis of the special nature and its causes of agricultural listed companies, the conclusion shows that our country's agricultural listed companies in the capital market is still in a weak industry, main due to the financial system is not perfect and companies'able to resist risks.(2) Studying on the market efficiency of agricultural listed companies, the result shows that agricultural listed companies meet the conditions of weak efficient market hypothesis, explanatory power is unstable, the different indicators have the different ability to explain the stock price.(3) Studying on the correlation between stock prices and agricultural listed companies' financial information, the result shows that growth ability index and profitability index have a greater influence and gross margin are basic financial indicators for agricultural listed companies.