Research on the Influence of Internal Control Quality of State-owned Listed Companies on Investment Efficiency

DOI

10.2991/assehr.k.191221.104How to use a DOI?

Keywords

investment efficiency, internal control quality, state-owned listed companies, inefficient investment

Abstract

As one of the important financial activities, investment efficiency directly affects the value promotion of state-owned assets. The internal control of enterprises can restrain investment behavior in function. In theory, the quality of internal control will affect the investment efficiency of enterprises. In this paper, 824 state-owned listed companies are selected to study the impact of internal control quality on investment efficiency. This study found that inefficient investment is a common problem in state-owned enterprises, and insufficient investment is more extensive than over-investment. The quality of internal control has a certain inhibitory effect on the inefficient investment of state-owned listed companies, and has a significant inhibitory effect on the under-investment.

Copyright

© 2020, 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  - Yansong Cai
AU  - Yuanyuan Cui
PY  - 2020
DA  - 2020/01/09
TI  - Research on the Influence of Internal Control Quality of State-owned Listed Companies on Investment Efficiency
BT  - Proceedings of the 2019 3rd International Conference on Education, Economics and Management Research (ICEEMR 2019)
PB  - Atlantis Press
SP  - 435
EP  - 438
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.191221.104
DO  - 10.2991/assehr.k.191221.104
ID  - Cai2020
ER  -