Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)

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Government Subsidies and Inefficient Investment: Empirical Evidence Based on OLS Model

Authors
Haiwei Xu1, *
1Business School, Henan University, Kaifeng, 475004, Henan, China
*Corresponding author. Email: xuhaiwei@henu.edu.cn
Corresponding Author
Haiwei Xu
Available Online 2 December 2022.
DOI
10.2991/978-94-6463-010-7_98How to use a DOI?
Keywords
Government Subsidies; Executive Shareholding; Inefficient Investment
Abstract

This paper takes China’s A-share listed companies from 2015 to 2018 as research samples, uses OLS model to investigate the influence of government subsidies on inefficient investment of enterprises, and tests the moderating effect of executive stock ownership in the relationship between government subsidies and inefficient investment of enterprises. It is found that government subsidy can alleviate the problem of insufficient investment of enterprises, but it will aggravate the over-investment of enterprises. The increasing effect of government subsidies on over-investment of enterprises is significant when the shareholding ratio of executives is low, so increasing the shareholding ratio of executives can alleviate the increasing effect of government subsidies on over-investment of enterprises. This study has certain theoretical reference value for improving the corporate governance structure and improving the investment efficiency of enterprises.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 December 2022
ISBN
10.2991/978-94-6463-010-7_98
ISSN
2589-4919
DOI
10.2991/978-94-6463-010-7_98How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haiwei Xu
PY  - 2022
DA  - 2022/12/02
TI  - Government Subsidies and Inefficient Investment: Empirical Evidence Based on OLS Model
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 978
EP  - 984
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_98
DO  - 10.2991/978-94-6463-010-7_98
ID  - Xu2022
ER  -