Taken the data from listed companies of manufacturing industry in China during 2004~2006 as a sample, the relation between accounting information quality and over-investment was studied empirically. It is found that accounting information quality is negatively corrected with firm over-investment and high quality accounting information can prevent over-investment. Further, accounting information quality is more closely associated with over-investment for firms with more free cash flow, which implicates that improving quality of accounting information could prevent over-investment of these firms.
袁建国, 蒋瑜峰, 蔡艳芳. 会计信息质量与过度投资的关系研究[J]. J4, 2009, 6(3): 367-.
YUAN Jian-Guo, JIANG Yu-Feng, CAI Yan-Fang. Research on the Relation between Accounting Information Quality and Over-investment. J4, 2009, 6(3): 367-.