The Relationship between Financial Reporting Quality and Investment Efficiency

DOI

10.2991/emle-17.2017.96How to use a DOI?

Keywords

financial reporting quality; investment efficiency; principal-agent relationship; information asymmetry

Abstract

Investment activities is one of the core financial activities in enterprises, and the financial report, which quality is closely related to the investment efficiency, is the window of knowing the management state. This paper, from the implication of financial reporting quality and investment efficiency angle, hackles the effect of the financial reporting quality on the efficiency of investment. The paper also analyzes the internal mechanism of high-quality financial reporting quality govern the inefficient investment in the frame work of the principal-agent theory and information asymmetry theory. Hereby, we can understand the significance of the high-quality financial report and improve the efficiency of 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  - Qi Chen
AU  - Shengnan Zheng
AU  - Wen Mou
PY  - 2017/12
DA  - 2017/12
TI  - The Relationship between Financial Reporting Quality and Investment Efficiency
BT  - Proceedings of the 3rd International Conference on Economics, Management, Law and Education (EMLE 2017)
PB  - Atlantis Press
SP  - 464
EP  - 467
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-17.2017.96
DO  - 10.2991/emle-17.2017.96
ID  - Chen2017/12
ER  -