An Empirical Research on the Effectiveness of Accounting Information in the Capital Market

1.研究对象本研究的目的是检验企业公布的财务报表等会计信息是否被有效地用于资本市场对企业的评价。通过对东京证券交易所上市公司的会计信息披露与股价变动之间的相关性进行统计分析，实现了这一点.研究设计我们按照以下过程进行研究。(1)研究方法的选择（2）研究模型的设计（3）实验企业的抽样（4）相关数据的收集（5）数据的计算机处理（6）结果的解释和评价3.本研究的组成本研究的组成如下。第1章。财务报告的会计信息效应2.财务报告的信息效应3.会计收益表的信息含量4.经营业绩的信息效应5.收入预测信息和股票市场6.单一公司财务报表与合并财务报表7.股票市场对会计核算方法变化的反应

1. The Object of ResearchThis research aims to test whether accounting information such as financial statements published by the firms is effectively used to evaluate those firms in the capital market. We accomplished it by analyzing statistical correlations between announcement of accounting information by the firms listed on the Tokyo Stock Exchange and stock price changes of these firms.2. The Research DesignWe studied according to the following process.(1) Selection of the research methodology(2) Design of the research model(3) Sampling of the experimental firms(4) Collecting the relevent data(5) Data processing by computer(6) Interpretation and evaluation of the results3. The Composition of this ResearchThis research has the following composition.chapter 1. Accounting Information Effect of Financial Reports2. The Information Effect of Financial Reports3. The Information Content of Accounting Income Numbers4. The Information Effect of the Business Performance5. Income Forecast Information and the Stock Market6. Single Firms' Financial Statements vs Consolidated Financial Statements7. Stock Market Reaction to Changes in Accounting Methods