Research on the Relationship between Accounting Information Quality and Enterprise Investment Efficiency

Based on the study of the relationship between the quality of accounting information and investment efficiency, this paper empirically analyses the relationship between the quality of accounting information and the efficiency of enterprise investment based on the statistics of A-share listed company in 2013-2016. In this paper, the modified Jones model and Richardson investment expectation model are used to measure the main variables, and descriptive statistical analysis, correlation analysis and regression analysis are carried out to study the relationship between the two. It is found that non-financial listed companies in China generally have the phenomenon of inefficient investment and the phenomenon of underinvestment is more common, the quality of high-quality accounting information can alleviate the underinvestment and overinvestment of listed companies, the impact of high quality accounting information on inefficient investment of state-controlled listed enterprises is stronger than that of the non-state-controlled listed companies.

Insufficient investment; Excessive investment; Accounting information quality

Aoxue Liu. Research on the Relationship between Accounting Information Quality and Enterprise Investment Efficiency. 2019 Asia-Pacific Forum on Economic and Social Development (APFESD 2019). 2019, Vol.2: 168-173.