摘要
研究经营现金流与股价的相关性问题.经实证分析对比,发现经营现金流和盈余与股价都有相关关系,但经营现金流的相关性要小于盈余的相关性.按每股经营现金流减去每股收益的值分组分年度来做回归分析,能够提高经营现金流和股价的相关性.
In this paper, we study the relationship between cash flows and stock price. Comparative empirical analysis found so cash flow and earnings and stock price are correlated. But the relevance of cash flow is not so closely like that of earnings. The regression analysis under the values that cash flow minus earnings of each share of different years can help to improve the relevance of cash flow and stock price.
出处
《广州大学学报（自然科学版）》
CAS
2011年第6期1-6,共6页
Journal of Guangzhou University:Natural Science Edition
关键词
经营现金流
每股收益
相关性
回归分析
cash flow
earnings per share
correlation
regression analysis
