An Research On Relationships Between Accounting Information And Stock Price

The variation of stock price can be influenced by a variety of factors. Among those factors,the financial statement disclosed by the listed companies plays a very important role in the investors’ decision-making.investorsAccounting information disclosed by listed companies is directly and frequently used by the investors.The majority of investors more concerned about the accounting information contained in financial statement of the listed companies, which is the fundamental for investment. Financial indicators are concentrations of the financial statement, which makes investors pay more attention to the study of the relevance between the financial indicators and stock price.The analysis and test of the influence of accounting information on the stock price helps investors improve the investment decision-making. As the main source of the stock market information,accounting information is an important factor to the formation of the stock price and the main source of information for the majority of investors in their investment decision-making.Scholars doubt wether it is correlative between the accounting information and the stock price in the stock market of China.First,we need to figure out the correlation between accounting information and stock prices.Then,based on the model coined by Ohlson,the thesis introduces several financial indicators which reflect the characteristics of the listed companies,uses the method of combining the correlation analysis,and conducts an empirical study on the financial data of800Non-financial listed companies, which are listed in the stock market in Shanghai for the period of2008through2010.Through the analyses,the thesis tests the the influence of accounting information on the stock price.The research results of the thesis provide the theoretical basis and decision-making instruments,and some inspiration for improving the Disclosure System.