Accounting Information Based On The Residual Income Model Of Small Plates

Using Ohlson (1995) RIM,this paper empirically examined the value relevance of residual income ,net assets and stock price of sme board during 2005 to 2009 , explained the difference of them and compared the value relevance of information technology and manufacturing.The research showed that:1. Residual income model played pretty well in sem board.The value relevance of residual income and net assets is obvious and significant,and all is above 0.6,even reach to 0.792 in 2009.2. Residual income and net assets is significant and positive relevant to stock price.The higher the residual income and net assets,and the stock price is excessively priced.And the value relevance of they two changed with different stage characteristics of sme board.Compared with net assets,residual income has a greater incremental value relevance.It indicates that,investors payed more attention to company's profitability which revealed by residual income.3.Information technology showed a more higher value relevance of finance information than manufacturing, and the pricing multiples of RI in information technology is definitely higher than that in manufacturing.This indicates that investor considered that the higher technology content,the better profitability the company has.The investors incline to invest that kind stock.