【摘要】 在我国现行投资制度背景下,会计稳健性对上市公司非效率投资行为的影响亟待深入研究。本文基于委托代理理论和信息不对称理论,选取2008~2010年我国沪深A股3303个样本,就不同产权性质下会计稳健性对投资过度和投资不足等非效率投资行为的影响进行实证研究。研究结果表明:会计稳健性能抑制企业投资过度,加剧企业投资不足;国有企业中会计稳健性抑制投资过度的程度强于非国有企业,非国有企业中会计稳健性加剧投资不足的程度强于国有企业。更多还原

【Abstract】 Owing to the special system of our country,it is necessary to further research how the accounting conservatism influences the inefficient investment action of the company. On account of principal-agent theory and asymmetric information theory,this paper conducts the empirical research on the effect of the accounting conservatism’s influences on inefficient investment behaviors under different property rights nature,based on 3303 samples of the Shanghai and Shenzhen A shares during 2008 to 2010. The research results show that the accounting conservatism inhibits over investment and intensify under investment. The degree of accounting conservatism curbing over investment in state-owned enterprises is stronger than that in non-state-owned enterprises,while in non-state-owned enterprises,the probability of accounting conservatism aggravating under investment is higher than that in state-owned enterprises.更多还原