| 会计稳健性与资本投资效率的实证研究 |
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| 引用本文： | 刘斌,吴娅玲.会计稳健性与资本投资效率的实证研究[J].审计与经济研究,2011,26(4). |
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| 作者姓名： | 刘斌 吴娅玲 |
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| 作者单位： | 1. 重庆大学,经济与工商管理学院,重庆,400044
2. 重庆工商大学,会计学院,重庆,400067 |
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| 摘 要： | 选取2001年-2008年我国A股上市公司为研究样本,检验会计稳健性与公司资本投资效率之间的关系,进而考察会计稳健性的治理价值.实证研究发现,会计稳健性与资本投资无效率水平以及投资过度(不足)都显著负相关,这对我国上市公司而言,会计稳健性水平有助于缓解经理人与股东之间的代理冲突、降低投资者面临的信息不对称、抑制公司的过度投资或投资不足行为,进而改善公司的资本投资效率.
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| 关 键 词： | 会计稳健性 投资效率 投资过度 投资不足 |
An Empirical Study on Accounting Conservatism and Capital Efficiency |
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| LIU Bin,WU Yaling.An Empirical Study on Accounting Conservatism and Capital Efficiency[J].Economy & Audit Study,2011,26(4). |
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| Authors: | LIU Bin WU Yaling |
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| Institution: | LIU Bin,WU Yaling(School of Economics and Business Administration,Chongqing University,Chongqing 400044,China) |
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| Abstract: | Based on the A-share listed companies from 2001-2008 in China,this paper makes a study on the relationship between accounting conservatism and capital invest efficiency in order to research the governance role of accounting conservatism.This study finds accounting conservatism is significantly negative related to capital invest inefficiency(over-investment,under-investment),and provides the evidence that accounting conservatism can lower cost conflict between managers and shareholders,reduce the information... |
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| Keywords: | accounting conservatism investment efficiency over-investment under-investment |
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