Earnings information quality, debt maturity structure and investment efficiency  

作　　者：QI Yu 

机构地区：[1]Shanghai University of Engineering Science, China

出　　处：《International English Education Research》2017年第1期21-23,共3页国际英语教育研究（英文版）

摘　　要：This paper studies the effect of earnings information quality and debt maturity structure and their interaction on investment efficiency. The results show that companies with higher earnings information have higher investment efficiency, and the quality of earnings information has increased investment efficiency by reducing the lack of investment and suppressing overinvestment. The companies with higher short-term debt ratio show higher investment efficiency. The results show that there is a certain substitution effect between the effect of earnings information quality and the maturity strueture of debt on the efficiency of investment.

关 键 词：Earnings information quality debt maturity structure investment efficiency UNDERINVESTMENT OVERINVESTMENT 

分 类 号：F276.6[经济管理—企业管理] TP311.138[经济管理—国民经济]