Accounting Information Quality, Investment Efficiency and Corporation Value

doi:10.16716/j.cnki.65-1030/f.2018.02.005

Abstract

Abstract: On the basis of non-financial listed companies'empirical data from 2010 to 2015, this paper investigates the relationship among accounting information quality, investment efficiency and corporation value. The results show thatfinancial information disclosure quality can improve the value of the company; inefficiency investment (over-investment and under-investment) significantly negative related with firm value, which means more serious overinvestment (underinvestment), more lower firm value; and higher quality of financial information disclosure can improve negative relationship between overinvestment (underinvestment) and company value.

Key words: Accounting Information Quality, Investment Efficiency, Corporation Value

CLC Number:

F275

Yao Xi, Yao Huilan, Zhao Bo. Accounting Information Quality, Investment Efficiency and Corporation Value[J]. Finance & Economics of Xinjiang, 2018, (2): 37-45.

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