Environment uncertainty, accounting information quality and inefficient investment

The business environment of an enterprise is changing rapidly. Enterprises need to find suitable investment opportunities in the rapidly changing business environment to promote the long-term growth of enterprise value. Since the outbreak of 2019-nCoV, business environment has undergone major changes, which has a profound impact on the enterprise's investment behavior. This paper selects A-share listed companies from 2014 to 2018. Based on the study of the impact of environment uncertainty on investment efficiency, the paper analyzes the mechanism of the impact of accounting information quality on this correlation. It is found that when the enterprise is facing uncertain environment, improving accounting information quality can effectively alleviate the inefficient investment of the enterprise.