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| 会计盈余、现金流量的价值相关性实证研究基于沪深股市的实证证据 | |
| 引用本文： | 万宇洵,陈波,胡巍.会计盈余、现金流量的价值相关性实证研究基于沪深股市的实证证据[J].财经理论与实践,2007,28(3):57-62. |
| 作者姓名： | 万宇洵 陈波 胡巍 |
| 作者单位： | 1. 湖南大学,会计学院,湖南,长沙,410079 2. 湖南省国资委,湖南,长沙,410007 3. 湖南省国家税务局,湖南,长沙,410007 |
| 摘 要： | 已有的研究结果说明会计盈余具有价值相关性。从盈余等于经营现金流量与应计利润之和这一新的视角切入，以实证的方法对沪深两地上市的A股公司进行三大样本检验。并通过建立股票报酬与应计利润和现金流量的回归方程，利用应计利润回归系数的显著性对会计盈余与现金流量的价值相关性做比较，结果表明，会计盈余的价值相关性要大于现金流量的价值相关性。 |
| 关 键 词： | 股票报酬 会计盈余 现金流量 相关性 沪深股市 |
| 文章编号： | 1003-7217（2007）03-0057-06 |
| 收稿时间： | 2006-09-19 |
| 修稿时间： | 2006-09-19 |
An Empirical Research of Correlation Value of Accounting Earnings and Cash Flows——Evidences from Shanghai & Shenzhen Stock Markets |
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| WAN Yu-xun,CHEN Bo,HU Wei.An Empirical Research of Correlation Value of Accounting Earnings and Cash Flows——Evidences from Shanghai & Shenzhen Stock Markets[J].The Theory and Practice of Finance and Economics,2007,28(3):57-62. | |
| Authors: | WAN Yu-xun CHEN Bo HU Wei |
| Institution: | 1. College of Accounting, Hunan University, Changsha, Hunan 410079 ; 2. State-Owned Assets Supervision and Administration Commission of Hunan Province, Changsha, Hunan 410007; 3. Hunan State Administration of Taxation, Changsha, Hunan, 410007 |
| Abstract: | The present research results show the correlation value of accounting earnings. An empirical research is made on the A share listed Companies in Shanghai and Shenzhen stock markets from the perspective that surplus equal to the sum of operating cash flows and accrued profits. By establishing regression equation to describe the relationship between stock compensation and the accrual profit and cash flows, this essay compares correlation value of accounting earnings and cash flows by the significance of regression coefficient of accrual earnings. The conclusion shows that correlation value of accounting earnings is more significant than that of cash flow. |
| Keywords: | Stock Compensation Accounting Earnings Cash Flows |
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