Abstract:Taking the data of the listed family enterprises in Shanghai and Shenzhen Stock Exchanges from 2010 to 2015 as research object, this paper makes an examination on the influence of the introduction of professional managers on the inefficient investment companies and further research on the influence of the introduction of professional managers on the investment efficiency of enterprises in different growth levels. The results of empirical research show that inefficient investment generally exists in China's listed family enterprises; the introduction of professional managers in listed companies can inhibit inefficient investment. What's more, in the enterprises with high growth, compared to those with low growth, the introduction of professional managers will have a weaker effect on the inefficient investment, that is, the gradual improvement of the level of enterprise growth will weaken the impact of the introduction of professional managers on the inefficient investment of enterprises