incremental cash flow

The operating cash flow can transfer the incremental information, on the basis of the surplus information. These two kinds of information differ not only in their content but also in their focus.

经营性现金流量能在盈余信息的基础上向市场传递增量信息，两者包含的信息含量存在一定区别，各有侧重点。

This chapter concludes the main research conclusions, points out some limitation, and explains the reasons why the cash flow information content and its incremental information content are not significant in individual time sample and sample groups.

本章总结了论文的主要研究结论，指出了研究中存在的一些局限，分析了个别年份以及个别样本组现金流量信息含量及增量信息含量不强的原因。

In this paper, a correlation analysis is made between accounting earnings, cash flow and stock price with two windows. The result shows that is a correlation between them, and operation cash flow has incremental information content.

本文在会计收益、现金流量与股价的相关性上采用两个时窗进行对比分析，结果发现会计收益、现金流量具有价值相关性，经营现金流量具有增量的价值相关性。