Abstract
Based on the theoretical basis of stock price synchronicity, the paper examines the correlation between accounting information quality and information content of stock price by using the data of the year 2008-10 from Chinese stock market. And then the author examines the influence of institutional ownership of the equity to the correlation between accounting information quality and information content of stock price, and we conclude that accounting information quality is positively correlated with information content of stock price. These findings are consistent with the feature that information content of stock price positively represents information efficiency, and the institutional investors can enhance the positive correlation.
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