Open AccessEnvironment uncertainty, accounting information quality and inefficient investment
Author(s) -
Wen Mu,
Wei Dai,
Qilin Cao
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1629/1/012080
Subject(s) - business , investment (military) , quality (philosophy) , business environment , enterprise value , industrial organization , accounting information system , accounting , business administration , philosophy , epistemology , politics , political science , law
The business environment of an enterprise is changing rapidly. Enterprises need to find suitable investment opportunities in the rapidly changing business environment to promote the long-term growth of enterprise value. Since the outbreak of 2019-nCoV, business environment has undergone major changes, which has a profound impact on the enterprise’s investment behavior. This paper selects A-share listed companies from 2014 to 2018. Based on the study of the impact of environment uncertainty on investment efficiency, the paper analyzes the mechanism of the impact of accounting information quality on this correlation. It is found that when the enterprise is facing uncertain environment, improving accounting information quality can effectively alleviate the inefficient investment of the enterprise.