Research on the Influence of the Fall of Corruption Officials on the Investment Efficiency of Enterprises

摘要

This paper mainly investigates the impact of the fall of corrupt officials on the financing constraints and investment efficiency of enterprises. It is found that the fall of corrupt officials improves the internal and external environment faced by enterprises, and the improvement of external environment relieves the financing constraints of enterprises, but does not distinguish the investment opportunities they face. It mainly relieves the financing constraints of enterprises facing poor investment opportunities, and then reduces their investment The improvement of capital efficiency and internal environment enables enterprises to devote more energy to production and operation activities and improve their competitiveness, which is mainly reflected in enterprises facing better investment opportunities, thus increasing their investment efficiency.