Author(s)

Xi Han

Corresponding Author

Xi Han

Abstract

Based on investment efficiency, this paper studies the influencing factors of investment efficiency and the relationship between internal control and investment efficiency. The research finds that: (1) The inefficient investment behavior of listed companies in China is mainly characterized by insufficient investment; (2) The higher the level of internal control of an enterprise, the higher its investment efficiency. The research in this paper shows that internal control plays an important role in the company's investment decision-making. Strengthening the construction of the internal control system can effectively improve the investment efficiency of the enterprise.

Keywords

Internal control, investment efficiency, information asymmetry, agency problem.