【摘要】 会计稳健性是财务报告的一项重要特征,而投资效率则是企业生存和发展至关重要的制约因素,稳健的会计政策对企业投资效率的影响值得深入探讨。通过实证研究发现,会计稳健性越好的企业,在投资机会下降时,会更及时地削减投资,即投资效率更高。更多还原

【Abstract】 Accounting conservatism is a significant characteristic of financial reporting,and the efficiency of investment is a key to the existence and development of a company.So how the conservative accounting policy influences the efficiency of a company’s investment deserves deeply research.Through empirical text,we find that when confronted with deterioration in investment opportunities, firms characterized by more conservative accounting response more quickly by reducing the flow of capital to new investments and by withdrawing capital from losing projects.更多还原