The Study between Accounting Information and Investment Effectiveness

From the perspective of the quality of accounting information, taking Chinese A-share listed companies in the stock market from 2014 to 2016 as a sample to study the influence of accounting information quality on over-investment and under-investment, and the performance of accounting information quality under different property rights. The results show that: the quality of accounting information can improve corporate investment efficiency, but the impact on under-invested companies is higher than that of over-invested companies; the quality of accounting information in state-owned enterprises has a higher impact on investment efficiency than non-state-owned enterprises. To a certain extent, it shows that it is greatly significant to formulate high-quality accounting standards.

Investment effectiveness; State-owned enterprises; Non-state-owned enterprises; Accounting information quality

Jing Ma. The Study between Accounting Information and Investment Effectiveness. 2019 Asia-Pacific Forum on Economic and Social Development (APFESD 2019). 2019, Vol.2: 146-151.