id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-29181	Ma, Hewen	Stock Liquidity and Corporate Investment Efficiency	2025	6	.pdf	application/pdf	4831	210	43	This paper selects A-share non- financial listed companies from 2013 to 2022 for empirical test, and finally draws A relatively robust conclusion: stock liquidity has a promoting effect on enterprise investment efficiency. Agency conflict causes enterprise investment to deviate from the optimal investment level, resulting in inefficient investment (Stulz, 1990; Zwiebel, 1996).	cache/fbem-29181.pdf	txt/fbem-29181.txt