稳健性视角下会计信息影响投资效率研究

Study on the Influence of Accounting Information on Investment Efficiency in the Perspective of Accounting Conservation

会计信息影响投资者行为和投融资活动,影响社会资源的配置效率。由于信息不对称和代理冲突,企业存在非效率投资行为。会计稳健性能够缓解信息不对称,降低代理冲突,减少企业盈余管理行为,促进会计信息质量的提高,抑制企业过度投资与投资不足的非效率投资行为。

Accounting information will influence investors, behaviors and the investment as well as financing activities, andit will also influence the allocation efficiency of social resources. Due to information asymmetry and agency conflicts, there exist no-efficient investment behavior in enterprises. Accounting conservation can help lessen information asymmetry and agency conflicts, reduce enterprises ＊ earning management behavior, enhance accounting information quality, and inhibit enterprises5 non-efficient investment including over-investment and under-investment.