Government integrity and corporate investment
efficiency
Jing Du;Wanfu Li;Bin Lin;Yu Wang;;;;;;;;;
【期刊名称】《中国会计学刊：英文版》 【年(卷),期】2018(000)003
【摘要】We explore the relation between government integrity and firms’ investment efficiency in the context of China’s deepening reforms and its strengthening the social credit system. We find that government integrity is positively associated with the investment efficiency of listed companies in China. Government integrity is negatively related to corporate underinvestment, but insignificantly related to corporate overinvestment. Higher government integrity reduces underinvestment in non-state-owned firms, but this relation is not significant in state-owned firms. Furthermore, we find that the negative relation between government integrity and underinvestment is only significant for firms in industries that receive supportive government policies. This study enriches research on corporate investment by adopting the perspective of government integrity, and supplements the literature on government integrity and its economic consequences. Our study also provides micro-level empirical evidence that strengthening government integrity will promote the economic transformation of China.
【总页数】20页(P.213-232) 【关键词】
【作者】Jing Du;Wanfu Li;Bin Lin;Yu Wang;;;;;;;;; 【作者单位】Sun
Yat-sen
Business
School,Sun
Yat-sen
University;Enterprise and NPO Internal Control Research Center, Sun Yat-sen University;School of Accounting,Nanjing University of Finance & Economics;Sun
Yat-sen
Business
School,Sun
Yat-sen
University;Enterprise and NPO Internal Control Research Center, Sun Yat-sen University;School of Accounting,Nanjing University of Finance & Economics;Sun
Yat-sen
Business
School,Sun
Yat-sen
University;Enterprise and NPO Internal Control Research Center, Sun Yat-sen University;School of Accounting,Nanjing University of Finance & Economics;Sun
Yat-sen
Business
School,Sun
Yat-sen
University;Enterprise and NPO Internal Control Research Center, Sun Yat-sen University;School of Accounting,Nanjing University of Finance & Economics; 【正文语种】英文 【中图分类】F275 【文献来源】
https://www.zhangqiaokeyan.com/academic-journal-cn_china-journal-accounting-research_thesis/0201270090378.html 【相关文献】
1.Share Segregation Reform, Accounting Conservatism and Investment Efficiency [J], Chen Aihua
2.Financial Development, Foreign Direct Investment, and the Efficiency of Capital Allocation in China [J], Kevin X.D.Huang; Chun Jiang; Qingyuan Li; Kai Sheng; Jia Wang; Qiwei Zhao
3.Does Openness Increase the Efficiency of China's Manufacturing Firms? Evidence from the World Bank Investment Climate Survey [J], Wenjun Liu; Shuliang Zou
4.Has Minority Foreign Investment in China＇s Banks Improved Their Cost Efficiency ？ [J], James Laurenceson; Fengming Qin
5.Efficiency of Sustainable Investment in Polish Regulated Market [J], Marcin Bartkowiak; Bogna Janik
以上内容为文献基本信息，获取文献全文请下载
Government integrity and corporate investment efficiency
