Power Accounting Applications In The Stock Market, The Preliminary Study

The dissertation inquires the application of force accounting to stock market. First, the author reviews force accounting. Secordly, the author discusses its application to stock market from three perspectives: information expansion, valuation and empirical analysis framework. Then the author testes force information effect of stock prices using the data in the year 200] 's loss pronouncements, warning pronouncements and interim reports of the listed companies in China. The result indicates the markets do reflect the force information, but not very significant. So, it is of urgence and importance to disclose the force accounting information. And in the last chapter. the author gives some advice on the force accounting information disclosure in the stock market...