CFO财务执行力、投资效率与企业市场价值

发布时间：2019-01-01 15:49

【摘要】：本文选取2012-2015年我国沪深两市上市企业为初始研究对象,分析了CFO财务执行力、投资效率与企业市场价值三者之间的关系,更进一步分析了CFO财务执行力在投资效率与企业市场价值关系的调节效应。研究表明:企业的投资效率与企业价值之间显著正相关,即企业的非投资效率越低,企业的价值提升越快;企业CFO的财务执行力越强,企业的投资效率就越高,有利于企业价值的提升,即CFO财务执行力对投资效率与企业价值之间的正相关具有促进作用。
[Abstract]:In this paper, we select the listed enterprises of Shanghai and Shenzhen stock markets in China from 2012-2015 as the initial research object, and analyze the relationship among the financial execution ability, investment efficiency and market value of CFO. Furthermore, this paper analyzes the adjustment effect of CFO financial execution on the relationship between investment efficiency and enterprise market value. The research shows that the investment efficiency of enterprises is significantly positively correlated with the value of enterprises, that is, the lower the non-investment efficiency of enterprises, the faster the promotion of enterprise value; The stronger the financial execution of CFO, the higher the investment efficiency, which is conducive to the promotion of enterprise value, that is, the positive correlation between investment efficiency and enterprise value is promoted by CFO financial execution.
【作者单位】：河南牧业经济学院会计学院;
【分类号】：F275;F832.51

【参考文献】