【摘要】 本文在会计收益、现金流量与股价的相关性上采用两个时窗进行对比分析,结果发现会计收益、现金流量具有价值相关性,经营现金流量具有增量的价值相关性。通过数据与现象的对比分析,本文从信息传递的角度解释了2002年以后投资和融资者的行为。更多还原

【Abstract】 In this paper, a correlation analysis is made between accounting earnings, cash flow and stock price with two windows. The result shows that is a correlation between them, and operation cash flow has incremental information content. Through contrastive analysis, we try to explain investor and listed companies behavior with signaling models since 2002.更多还原