Ownership Structure, Accounting Information Quality and Investment Efficiency: An Empirical Study Based on Chinese Agricultural Listed Companies

DOI

10.2991/mmetss-17.2017.38How to use a DOI?

Keywords

Accounting Information Quality, Ownership Structure, Inefficient Investment

Abstract

The irrational investment in the development of agricultural listed companies leads to low investment efficiency and slow development. In order to explore the inefficient investment of agricultural listed companies, this paper uses China's Shanghai and Shenzhen stock A 47 agricultural listed companies from 2013-2015 to analyze the relationship between the quality of accounting information and the inefficient investment of agricultural listed companies, and also the influence of ownership structure on the quality of accounting information and the efficiency of agricultural listed companies. Theÿstudyÿfoundÿthat when the quality of enterprise accounting information is high, the inefficient investment behavior of enterprises is improved, thus improving the efficiency of enterprise investment; the increase of controlling shareholder's equity will weaken the governance effect of accounting information quality on inefficient investment.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fanyi Li
PY  - 2017/07
DA  - 2017/07
TI  - Ownership Structure, Accounting Information Quality and Investment Efficiency: An Empirical Study Based on Chinese Agricultural Listed Companies
BT  - Proceedings of the 2017 2nd International Conference on Modern Management, Education Technology, and Social Science (MMETSS 2017)
PB  - Atlantis Press
SP  - 199
EP  - 203
SN  - 2352-5398
UR  - https://doi.org/10.2991/mmetss-17.2017.38
DO  - 10.2991/mmetss-17.2017.38
ID  - Li2017/07
ER  -