Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Influencial Factors and Economic Consequences of Corporate Investment Efficiency: A Literature Review

Authors
Jianyang Hu1, a,*, , Meixuan Kong2, b, *, , Keyun Wang3, c, *,
1Global Business Management, Coventry University London Campus, London, UK
2Financial Engineering, Nanjing Forestry University, Nanjing, China
3Finance, Macao University of Science and Technology, Macao, China

These authors contributed equally.

*Corresponding author. Email: ahuj24@culcuni.coventry.ac.uk
Corresponding Authors
Jianyang Hu, Meixuan Kong, Keyun Wang
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.391How to use a DOI?
Keywords
Corporate Investment Efficiency; Corporate Governance; Firm Value
Abstract

With the rapid economic development and fierce competition, the top priority of listed firms will be given to investment efficiency. This paper reviews the relevant literature on the factors affecting the efficiency of corporate investment and its economic consequences. First, this paper presents the definition of corporate investment efficiency and its measurement method. Taking NPV as an example, this research investigates the influencing factors of corporate investment decisions. Then, from the empirical literature and theoretical analysis, this research compiles the studies on the factors influencing corporate investment efficiency or inefficient investment. The factors affecting the efficiency of corporate investment are analyzed and organized at three levels: internal governance or board composition, external corporate governance factors, and external macroenvironmental factors. Finally, this paper also collates studies related to the economic consequences of corporate investment efficiency from the perspectives of corporate value and innovation. The collation of this paper has a very important role in the research related to the efficiency of corporate investment. Overall, we provide relevant suggestions and factors which should be considered when making investment decisions.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.391How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jianyang Hu
AU  - Meixuan Kong
AU  - Keyun Wang
PY  - 2022
DA  - 2022/03/26
TI  - The Influencial Factors and Economic Consequences of Corporate Investment Efficiency: A Literature Review
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2389
EP  - 2394
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.391
DO  - https://doi.org/10.2991/aebmr.k.220307.391
ID  - Hu2022
ER  -