上市公司会计盈余、现金流量与股票价格相关性实证分析.docx

Abstract: Accounting surplus based on accrual basis and cash flow based on cash realization are

important accounting information. The correlation study has always been a hot spot in empirical research.

This paper selects China's Shanghai and Shenzhen A-share listed companies in 2006-2016 as the

research sample, taking literature research as the forerunner, combining with the efficient capital market

hypothesis, the capital asset pricing theory, the residual income pricing theory and other relevant

theoretical analysis, through the research hypothesis. Descriptive statistical analysis, correlation analysis

and regression analysis are used to analyze the correlation between accounting earnings, cash flow and

stock price. The results show that: listed companies There is a positive correlation between the