Research On The Correlation Between Financial Performance And Stock Price From The Perspective Of The Quality Of Accounting Information Disclosure

Listing Corporation accounting information disclosure quality, effective degree, and the stock market investors are important issues that are directly related to the investment decision. However, China’s stock market as an emerging market, many problems exist in the listing Corporation accounting information, information opacity etc.. In a mature stock market, accounting information plays a vital role in listing Corporation accounting, through the timely and reliable information disclosure, financial performance should be quickly reflected in stock prices, that is, the better performance of shares of listing Corporation, the growth rate will be higher, there should be more significant correlation between the two. In this case, to explore new market mechanism and means of reasonable, improve the quality of accounting information disclosure of listing Corporation, increase the effective supply of stock market information, become the route one must take the sustainable development of China stock market. Influence the quality of accounting information disclosure of listing Corporation, whether on financial performance and stock price correlation degree, what factors in the financial performance is better able to explain the stock price is a topic worthy of study.Firstly, this paper introduces the background, the research goal and the significance of this research, has carried on the related concept definition, in order to explore the quality of accounting information disclosure and financial performance and stock price correlation degree is related to lay the theoretical foundation, empirical process, the division of the quality of accounting information disclosure of the pros and cons, with the correlation between the degree of financial performance and stock price in the accounting information disclosure of the existence of differences between two kinds of different quality of Sample Firms. Based on combing the domestic and foreign scholars research on related literature, theoretical analysis was made on the correlation between financial performance and stock price, and 2011-2013 Shenzhen stock exchange of non-Financial listing Corporation data as the sample, according to the quality of accounting information disclosure quality is divided into A, B two groups, choosing the financial index can reflect the listing Corporation’s financial performance information, the next fiscal year the stock price selection of annual accounting report released (April 30th -June 30th) the average value of each trading day closing price. By using the factor analysis method calculate the comprehensive score of financial performance, the comprehensive financial performance and stock price correlation analysis, and carries on the thorough analysis according to the empirical results, put forward relevant proposals.