Abstract

http://ssrn.com/abstract=1266893
 
 

References (66)



 
 

Citations (25)



 


 



Do CFOs Have Styles of Their Own? An Empirical Investigation of the Effect of Individual CFOs on Financial Reporting Practices


Weili Ge


University of Washington - Michael G. Foster School of Business

Dawn A. Matsumoto


University of Washington - Department of Accounting

Jenny Li Zhang


University of British Columbia - Sauder School of Business

September 28, 2008

AAA 2009 Financial Accounting and Reporting Section (FARS) Paper

Abstract:     
This paper examines the effect of Chief Financial Officers’ (CFOs’) individual philosophy or “style” on corporate accounting choices. We track 359 CFOs across different firms over time and investigate whether CFO-specific factors explain a firm’s accounting choices. We find that, across a wide range of accounting choices, individual CFOs are an important determinant of accounting practices. Moreover, the effect of CFO styles appears to be stronger under conditions of high CFO discretion and high CFO job demands. We also trace the CFO style to observable CFO characteristics by examining whether CFOs’ gender, age, and educational background affect their styles. We find limited evidence of the impact of these CFO characteristics on accounting choices, suggesting that these common and observable characteristics capture only a small portion of CFO styles.

Number of Pages in PDF File: 59

Keywords: Chief Financial Officer, Managerial Style, Management Turnover, Accounting Choice

JEL Classification: M41, M44, G34

working papers series


Download This Paper

Date posted: September 11, 2008 ; Last revised: October 27, 2010

Suggested Citation

Ge, Weili and Matsumoto, Dawn A. and Zhang, Jenny Li, Do CFOs Have Styles of Their Own? An Empirical Investigation of the Effect of Individual CFOs on Financial Reporting Practices (September 28, 2008). AAA 2009 Financial Accounting and Reporting Section (FARS) Paper. Available at SSRN: http://ssrn.com/abstract=1266893 or http://dx.doi.org/10.2139/ssrn.1266893

Contact Information

Weili Ge (Contact Author)
University of Washington - Michael G. Foster School of Business ( email )
Box 353200
Seattle, WA 98195-3200
United States
Dawn Matsumoto
University of Washington - Department of Accounting ( email )
224 Mackenzie Hall, Box 353200
Seattle, WA 98195-3200
United States
206-543-4454 (Phone)
206-685-9392 (Fax)
Jenny Li Zhang
University of British Columbia - Sauder School of Business ( email )
2053 Main Mall
Vancouver, BC V6T 1Z2
Canada
Feedback to SSRN


Paper statistics
Abstract Views: 4,259
Downloads: 1,098
Download Rank: 9,534
References:  66
Citations:  25
Paper comments
No comments have been made on this paper

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.422 seconds