Study On The Correlation Of Accounting Information Value Of Listed Companies In Information Industry

With the development of information technology and high-tech technology such as computers,the world has entered the information age.In recent years,as the information industry growing fast in China,the amount of listed companies,asset size,financing funds and the number of investment participants in information industry have reached a considerable scale;the basic elements and basic framework of the market have been formed.From the large number of empirical studies on mature capital markets in the West,Accounting provides basic information for asset value measurement and information transfer for the allocation of resources in the securities market,observing the relevance of accounting information value,helping to understand the efficiency of the capital market,understanding the correlation between stock price and enterprise value measurement,and for investors and listing The company provides inspiration about stock pricing.For the fast-developing information industry in China,whether accounting information has relevance and reference value is very important for investors and enterprise managers.However,as of now,there is no such empirical research in China.Based on this information,this paper takes the listed companies of China's stock market information industry as the research object,and divides it into two types: profitable enterprise and loss-making enterprise.According to the empirical evidence of the correlation of accounting information value at domestic and abroad and the research status of its model,four hypotheses are proposed.The value correlation of accounting information is the research content.From the correlation of the persistent accounting earnings value measured by the net profit per share,and the net asset value correlation measured by the net assets per share.The net cash flow of activities is based on the correlation of the cash flow value of the metrics,and the interaction between independent variables,non-financial indicators,the impact of the company's internal control deficiencies on the value of accounting information and the control variables-the impact of the size of the company on profitable,loss-making enterprises.The financial and non-financial data of 32 profitable companies and 116 loss-making companies in 2010-2019 were collected in the databases of Guotai An,Wind,and Juchao Information Network,and a series of data processing tools such as Eviews and SPSS were used.The empirical research deeply explores and verifies the hypothesis-related relationship between accounting information and stock prices of listed companies of information industry in China.Then based on the conclusions drawn from the empirical analysis,analyze the reasons for the conclusions and verify the correctness of the five hypotheses.And test the endogeneity and robustness of the model.Finally,the corresponding policy recommendations,research limitations and prospects are further proposed to lay the foundation for future research.