Abstract
As the information reflection of social economy, the quality of accounting information is closely related to economic development and market operation system. And accounting conservatism is one of the important standards to measure of quality of accounting information. As the maker and executor of the financial strategy of the listed company, the CFO’s different personal characteristics will affect its choice of different accounting policies, thus affecting the accounting conservatism of the enterprise. Therefore, this paper selects CFOs of A-share listed companies in Shanghai and Shenzhen from 2016 to 2018 as research objects, respectively discusses the influence of CFO’s natural attributes and social attributes on accounting conservatism, and analyzes the moderating effect of property rights and CFO’s power on the relationship between them. The results show that the CFO’s age, tenure, education, professional skills, salary and number of part-time jobs are negatively correlated with accounting conservatism. The female CFO, shareholding and concurrent director are significantly positively correlated with accounting conservatism. The difference of property right nature and CFO power moderates the relationship between CFO characteristics and accounting conservatism to some extent. On this basis, this paper puts forward corresponding suggestions on how to improve accounting conservatism and promote economic development.
Highlights
Accounting information is an important part of economic information
Accounting conservatism is one of the important standards to measure the quality of accounting information of enterprises
The results show that in state-owned listed companies, female CFOs cannot significantly improve accounting conservatism, age and professional skills of CFOs are negatively correlated with accounting conservatism, tenure of CFOs is positively correlated with accounting conservatism, but not significantly
Summary
Accounting information is an important part of economic information. High-quality accounting information can promote the steady, healthy and efficient development of economy. Research on the influence of different characteristics of CFO on accounting conservatism can help stakeholders of enterprises to effectively judge the quality of financial information, and provide theoretical basis for them to make reasonable investment decisions and effectively safeguard their own interests. The research of this paper can help enterprise according to their own needs to accord with the development of the enterprise itself the CFO, and the external supervision organizations of enterprises can make clear the purpose of enterprise information disclosure and identify the quality of enterprise information disclosure by analyzing and comparing the influence of different characteristics of CFO on accounting conservatism, so as to better supervise enterprise information disclosure behavior and provide reliable and stable accounting information for economic development
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
