会计稳健性与企业投资效率——来自中国A股上市公司的经验证据

Accounting Conservatism and Enterprise Investment Efficiency——Empirical Evidence from Chinese A-share Listed Companies

文章选取我国A股上市公司为研究样本,实证检验我国特殊制度背景下会计稳健性对企业投资效率的影响。研究结果表明:会计稳健性对企业投资效率的影响具有双面性,一方面能够抑制企业的过度投资行为,改善投资效率,另一方面加剧企业投资不足行为,恶化投资效率。

This paper selects the A--share listed companies in China as research samples, accounting conservatism＂ s influence on corporate investment efficiency can be empirically tested under the special system background in China. The results show that the two-sided of accounting conservatism impact on investment efficiency, on the one hand, conservatism inhibits excessive investment and improve investment efficiency, on the other hand,it intensifies enterprise insufficient investment, deteriorating corporate investment efficiency.