Public Company Accounting Information And Stock Prices Of Empirical Research

A variety of factors affect the stock price volatility, these many factors, listed companies accounting information released to the outside world is that people direct and frequently used, so the research and analyze accounting information on stock price volatility of the role and impact of, for people is very necessary and meaningful. In recent years, China’s accounting information disclosure of listed companies and market regulators continue to strengthen and improve, but the accounting information to influence stock prices how much, what kind of accounting information to provide maximum help to give people, accounting information on stock prices whether the impact is gradually increasing, these problems are urgently needed to answer our country’s securities market. Therefore, the study of accounting information on stock prices, stock market and people of China are of great significance.In this article, first expressed the meaning of accounting information, description and analysis of accounting information and stock market related theories, this is clearly pricing model from the point of view to study. Reflect the company introduced a number of properties characteristic of accounting information indicators, using statistical software SPSS and EVIEWS, the Shanghai and Shenzhen stock of machinery manufacturing industry in2008,2009and2010, accounting information and data to conduct empirical research, the establishment of accounting information indicators and stock price regression model, accounting and quantitative analysis of the nine indicators of the impact on stock price effects, can be provided for people to invest after making some suggestions and theoretical basis. Empirical results show that the accounting information of listed companies on the stock price has a certain explanatory role, and earnings per share of stock prices of listed companies to explain the strongest, people to invest, you can focus on earnings per share accounting information. In China’s stock market, accounting information of listed companies on the stock price can indeed play a role in the interpretation, but compared with developed securities market, China’s accounting information to influence stock prices is also weak. Finally, in order to improve the accounting information of listed companies on the explanatory power of stock prices made several policy recommendations.