THE RISK TRANSMISSION ANALYSIS OF ACCOUNTING AND PRICE INFORMATION BETWEEN THE INDUSTRY AND THE MARKET

摘要

The risk of accounting or market information can spread in the economic system through certain medium and ultimately have important impacts on the industry, even on the whole economic system because of the increasingly close and complex economic relations or the global operation strategy.This paper analyzes the mutual impact of the quarterly rate of accounting return and market return among the basic industry and its upstream, downstream industries as well as its related industry.By this way, we can study risk spreading path, direction and the other interesting problems, then we give out some suggestions about the control of risk transmission.