Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)

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An empirical study on the effect of corporate governance on the investment effectiveness of A-share listed firms -based on the mediating effect model

Authors
Lingling Zeng1, Jinyan Liang1, *, Xinting Peng1
1School of Economics, Wuhan University of Technology, Wuhan, 430000, China
*Corresponding author. Email: 1169231461@qq.com
Corresponding Author
Jinyan Liang
Available Online 4 December 2023.
DOI
10.2991/978-94-6463-304-7_42How to use a DOI?
Keywords
Richardson model; corporate governance; financing constraints
Abstract

The investment efficiency of businesses is measured using the Richardson model in this paper. Two mediating variables—financial information quality and financing constraints—are also introduced, and the mediating effect model is used to examine the effect of corporate governance on the investment efficiency of A-share listed companies from 2007 to 2021. The findings demonstrate that the degree of corporate governance significantly enhances an organization’s ability to invest effectively. The test results of the intermediary effect model show that the corporate governance structure can enhance the investment efficiency of the company by enhancing the quality of financial information, in addition to its primary goal of reducing financing constraints for enterprises. This article offers a fresh approach to corporate governance and a valuable resource for enhancing a company’s capacity for value development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
4 December 2023
ISBN
978-94-6463-304-7
ISSN
2589-4900
DOI
10.2991/978-94-6463-304-7_42How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Lingling Zeng
AU  - Jinyan Liang
AU  - Xinting Peng
PY  - 2023
DA  - 2023/12/04
TI  - An empirical study on the effect of corporate governance on the investment effectiveness of A-share listed firms -based on the mediating effect model
BT  - Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)
PB  - Atlantis Press
SP  - 395
EP  - 403
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-304-7_42
DO  - 10.2991/978-94-6463-304-7_42
ID  - Zeng2023
ER  -