Listed Company's Cash Flow And Benefits Of The Relationship Between Empirical Research

A pair of contradictions datum when report form income and cash flow form enterprise' s achievement of analyzing: One party can reflect enterprise business performance well, but easy report form income index that handle (net profit); another party although difficult to handle, reflect listed company business performance ability relatively weaker cash flow index. Therefore, the relation between accurate appraisal report form income index and cash flow index has great significance to the security market of our country of the norm and the management of perfecting the listed company.This text has adopted the method that the theory combines with positive research mainly, It is that the characteristic of the cash flow determines the nature to study to its one that goes on in theory according to the characteristic of the research object at first, The method of adopting the positive research further on the basis of this verifies the assumptions that are proved. Besides, the reality of combining China' s securities market carries on the gathering of the sample to st's stock, According to the theory, the process used to the positive research at last launches studying.Through the positive research to four assumptions, we summarize and draw following conclusions in the conclusion part at last: The fluctuations of each whiff of own cash flow should be greater than the fluctuation of the income of report form per share, Suppose 1 to totally establish. Per share net assets unite each manage unable to raise the income explanation ability to the stock price of report form per share cash flow, The income explanation ability strong explanation ability to the stock price in each whiff of free cash flow to the stock price of report form per share. The dependence between stock price and income of report form per share is strong in the dependence of the stock price and each whiff of free cash flow; per share report form have causality with each a whiff of free cash flows by income. Above-mentioned conclusions prove that four assumptions are compatible with conclusion.