It finds that the combination of EVA and MVA has a certain explanatory power to stock return, but the effect is not very outstanding.

• 结果表明，在结合经济增加值和市场增加值两大指标体系之后，对沪深两市的股票收益存有一定的解释能力，但与传统的会计指标体系相比，解释能力得到很大的提高；