管理层激励是一个经久不衰的话题,因为它是缓解所有者与经营者之间矛盾的必要手段和重要方式。近年来众多学者对管理层激励与公司治理问题、公司风险问题、公司经营业绩问题进行了不断的探索,发现管理层激励越发的重要。本文在以往学者研究的基础上将管理层激励引入到投资领域,分析管理层激励与非效率投资行为之间的关系,随着经济的大步发展,投资成为一个企业成长壮大的必经之路,高管的投资决策显得尤为重要,所以在此基础上研究企业管理层激励与非效率投资行为的关系十分必要且具有现实意义。 Management motivation is an enduring topic as it is a necessary and important way to mitigate the conflicts between owners and managers. In recent years, many scholars on the management incentive and corporate governance issues, corporate risk issues, the company’s business performance continued to explore the issue and found that management incentives more and more important. Based on the previous scholars’ research, this paper introduces management incentive into the investment field and analyzes the relationship between management incentive and inefficient investment behavior. With the great development of the economy, investment has become the only way to grow and thrive Therefore, it is very necessary and meaningful for us to study the relationship between management incentive and inefficient investment behavior on the basis of this.