Journal of Business and Management

Journal of Business and Management

ISSN: 2291-1995 (Print)    ISSN: 2291-2002 (Online)

Volume 2 (2013), No. 2, Pages 11-21

DOI: 10.12735/jbm.v2i2p11

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Accounting Information and Stock Price Reaction of Listed Companies — Empirical Evidence from 60 Listed Companies in Shanghai Stock Exchange

Junjie Wang1  Gang Fu1  Chao Luo1 

1School of Economics and Management, Sichuan Agricultural University, Chengdu, China

URL: http://dx.doi.org/10.12735/jbm.v2i2p11Citations: 17 (Details)

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Abstract

With the development of China’s capital market, the function and impact of Chinese listed companies has been more and more significant, especially the accounting information of the listed companies has an important effect on the quoted companies’ stock price and investors’ behavior in the market. The research of this paper empirically analyzes the relationship between accounting information and stock price with a few accounting information indexes. The results, based on 60 listed companies in Shanghai Stock Exchange for 2011, reveal: (1) positive relationship exists between accounting information and stock price, but the significant degree varies; (2) earnings per share and return on equity have the most significant correlation.

JEL Classifications: M41, G14

Keywords: accounting information; stock price; earnings per share; return on equity

To Cite this Article: Wang, J. J., Fu, G., & Luo, C. (2013). Accounting Information and Stock Price Reaction of Listed Companies — Empirical Evidence from 60 Listed Companies in Shanghai Stock Exchange. Journal of Business and Management, 2(2), 11-21. http://dx.doi.org/10.12735/jbm.v2i2p11

Copyright © Junjie Wang et al.

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This article is published under license to Science and Education Centre of North America. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International License.

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Accounting Information and Stock Price Reaction of Listed Companies — Empirical Evidence from 60 Listed Companies in Shanghai Stock Exchange
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