Study on Differences in Correlation between the Accounting Data and Stock Price of China and Thailand base on Ohlson Model

DOI

10.2991/isbcd-18.2018.65How to use a DOI?

Keywords

Ohlson mode; accounting information; EPS; BVPS; stock price

Abstract

This paper compares the correlation between the accounting data and the stock price of China and Thailand by using the Ohlson residual income valuation model base on the 10680 companies’ data of 1068 listed companies during 2007 to 2016. The total assets of the company, the number of circulating shares and the time of listing are regarded as the control variables. It is found that the earnings per share and the book value per share of the listed companies in both countries have different meanings to the stock price. The explanatory power of the earnings per share and the book value per share of the listed companies in Thailand is stronger than those of the listed companies in China. And the longer the company goes on the market, the higher the explanatory power of the accounting data to the stock price. And Thailand listed companies are generally better than listed companies in China. On the other hand, the Thai investors pay more attention to the analysis of the fundamentals of listed companies.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yongling Zhang
AU  - Guihua Lu
AU  - Wenyun Zhou
PY  - 2018/10
DA  - 2018/10
TI  - Study on Differences in Correlation between the Accounting Data and Stock Price of China and Thailand base on Ohlson Model
BT  - Proceedings of the 3rd International Symposium on Asian B&R Conference on International Business Cooperation (ISBCD 2018)
PB  - Atlantis Press
SP  - 329
EP  - 334
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-18.2018.65
DO  - 10.2991/isbcd-18.2018.65
ID  - Zhang2018/10
ER  -