id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-10239	Lu, Sen; Qian, Hanyu	Will the Regulation of Exchange Inquiry Letters Affect the Investment Efficiency of Enterprises?	2023	6	.pdf	application/pdf	5026	204	36	Enterprise Investment Efficiency The early research on enterprise investment efficiency at home and abroad is based on neoclassical investment theory, which believes that investment efficiency is the adjustment problem of optimal capital stock, which depends on the marginal cost and marginal value of enterprise investment. Fan & Liu (2022)[23] found that managers' overconfidence leads to overinvestment and makes investment efficiency lower, Liao & Liu (2022)[24] based on imprint theory found that executives' reform and opening up experience improves corporate investment efficiency, and He & Li (2021)[25] found that the existence of social relationships between corporate CEOs and CFOs is conducive to decision-making communication and improves investment efficiency.	cache/fbem-10239.pdf	txt/fbem-10239.txt