上市公司财务信息与股价关联性实证-.研究

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1、东华大学旭}==iI：1：商管理学院会计学硕士学位论文thegrowthabilityofthelistedcompanies．Inempiricalanalysis，thepaperselectspharmaceuticalandsteelindustrieslistedcompaniesassamples，extractingthetwoindustries’datainannualreportoftheyears2006-2008andthecorrespondingsecondyear’SaveragestockpricesbetweenFebruary1st

2、andJuly31st．First，itcarriesoutsub—sectors，sub-types，sub。yearscorrelationanalysis，obtainedwiththehighestdegreeofprice-relatedinformationoncategoriesandindicators，andthedifferencebetweenthetwoindustries；andthenitcarriesoutsub—sectors，sub-yearsmultipleregressionanalysis，obtainedtheregressi

3、onequationsbetweenthefinancialinformationandstockprice，quantitativeanalyzestheeffectofvariousindicatorsoffinancialinformationonstockprice，prooftheroleoffinancialinformationinthestockmarket．Thepaperresearchesthat：Thefinancialinformationwhichcanreflecttheprofitabilityhasthehighestcorrelat

4、ionwithstockpriceoffourtypesoffinancialinformation．andearningspersharehasthegreatestimpact；theregressionequationshavestatisticalsignificance，modelinthepaperismeaningful，andwellexplainingthestockpricechanges；Inaddition，fromthecorrelationanalysisandregressionanalysis，itfoundthatthecorrela

5、tionrelationshipbetweenstockpricesandfinancialinformationandtheregressionequations’validityisgraduallyenhanced，butthelevelin2007isbelowthelevelintheyears2006and2008．KeywordsFinancialInformation，StockPrice，Correlation，EmpiricalResearch．Iv-东华大学旭日工商管理学院会计学硕士学位论文3．2研究模型和研究体系的建立⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯

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