A Study on the Value-relevance of Internal Control Evaluation and Stock Pricing

被引：0

作者：

Wang Zhengli ^{[1
,2
]}

Bin, Liu ^{[3
]}

机构：

[1] Minist Finance, Res Inst Fiscal Sci, Postdoctoral Res Stn, Beijing 100142, Peoples R China

[2] Bank Dalian, Postdoctoral Work Stn, Dalian 116001, Peoples R China

[3] Dongbei Univ Finance & Econ, Sch Accounting, Dalian 116025, Peoples R China

来源：

PROCEEDINGS OF THE 7TH (2015) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT | 2015年

关键词：

internal control evaluation; stock price; earnings; value relevance; EARNINGS;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Based on the sample data of Chinese listed companies, this paper introduces the internal control evaluation information into stock pricing model, and tests the value relevance between the internal control evaluation information and earnings information, as well as its relation between the internal control evaluation information and the stock price. The result shows that there is a positive correlation between stock price and internal control evaluation information, earnings information EPS and book value NAPS. The internal control evaluation information affects the stock price.

引用

页码：6 / 10

页数：5

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