An Empirical Study On The Correlation Between Accounting Information And Stock Price

The stock market is a large,integrated market information,mode of operation is to use the stock market share price signal to achieve a reasonable mechanism to optimize resources.The change of information in the market is the main reason for the volatility of the stock price.The factors that affect the volatility of the stock price are the macro policy of the government and the micro accounting information.The main reference is the accounting information when the investors make the decision,so the accounting information is also affected one of the most direct factor price.In recent years,the state has introduced a number of policies to promote the development of non-ferrous metals industry,especially the rise of new energy for the non-ferrous metals industry to attract the attention of many investors,so this paper believes that the non-ferrous metals industry will become a major direction of future investment,so choose non-ferrous metal industry companies analyzed in this study.In view of whether the accounting information affects the change of stock price,this paper,based on the analysis of the correlation between accounting information and stock price at home and abroad,combined with the annual report characteristics of non-ferrous metal industry listed companies,selected China's nonferrous metals industry listed companies 2013-The financial accounting data in 2015 as a sample,the non-ferrous metals industry accounting information and its stock price volatility correlation research,the use of Stata and other statistical software for descriptive analysis of data,correlation analysis,multiple regression analysis,The relationship between the accounting information disclosure and the stock price of the metal industry was studied,and the stock turnover was selected as the second explanatory variable to assist in explaining the correlation between the two.The results show that the stock price of listed companies in nonferrous metals industry Accounting information can represent the profitability of enterprises,solvency,operational capacity and growth capacity of the financial indicators are related to the non-ferrous metals industry listed companies affect the stock price changes in the typical variable is representative of the business capacity of the accounts receivable money turnover,on behalf of solvency snap And flow rate ratio.Finally,on the basis of the results of empirical studies on the proposed accounting information indicators for future investors should focus on investment in non-ferrous metals industry,and reasonable suggestions to optimize the quality of corporate accounting information.