Cargando…

Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China

One person serving as both CFO and board secretary is a unique institutional feature in China. Individuals in this senior executive role are responsible for not only the preparation of financial statements but also the coordination of information disclosure. We investigate the relation between a CFO...

Descripción completa

Detalles Bibliográficos
Autores principales: Wang, Yueyun, He, Zhenhua, Huang, Yihan, Li, Chenhang
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9958439/
https://www.ncbi.nlm.nih.gov/pubmed/36851957
http://dx.doi.org/10.1016/j.heliyon.2023.e13609
_version_ 1784895024848175104
author Wang, Yueyun
He, Zhenhua
Huang, Yihan
Li, Chenhang
author_facet Wang, Yueyun
He, Zhenhua
Huang, Yihan
Li, Chenhang
author_sort Wang, Yueyun
collection PubMed
description One person serving as both CFO and board secretary is a unique institutional feature in China. Individuals in this senior executive role are responsible for not only the preparation of financial statements but also the coordination of information disclosure. We investigate the relation between a CFO serving as board secretary and financial statement comparability. We find that a CFO serving as board secretary improves the comparability of a firm's financial statements in additional analysis. This positive effect is more significant when the CFO is female or middle-aged, or has a Bachelor's degree or higher or a financial background. This paper enriches the theoretical research on CFO's employment characteristics and the quality of financial reports, and provides reference value for improving the quality of financial reports.
format Online
Article
Text
id pubmed-9958439
institution National Center for Biotechnology Information
language English
publishDate 2023
publisher Elsevier
record_format MEDLINE/PubMed
spelling pubmed-99584392023-02-26 Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China Wang, Yueyun He, Zhenhua Huang, Yihan Li, Chenhang Heliyon Research Article One person serving as both CFO and board secretary is a unique institutional feature in China. Individuals in this senior executive role are responsible for not only the preparation of financial statements but also the coordination of information disclosure. We investigate the relation between a CFO serving as board secretary and financial statement comparability. We find that a CFO serving as board secretary improves the comparability of a firm's financial statements in additional analysis. This positive effect is more significant when the CFO is female or middle-aged, or has a Bachelor's degree or higher or a financial background. This paper enriches the theoretical research on CFO's employment characteristics and the quality of financial reports, and provides reference value for improving the quality of financial reports. Elsevier 2023-02-09 /pmc/articles/PMC9958439/ /pubmed/36851957 http://dx.doi.org/10.1016/j.heliyon.2023.e13609 Text en © 2023 The Authors https://creativecommons.org/licenses/by-nc-nd/4.0/This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
spellingShingle Research Article
Wang, Yueyun
He, Zhenhua
Huang, Yihan
Li, Chenhang
Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China
title Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China
title_full Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China
title_fullStr Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China
title_full_unstemmed Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China
title_short Does the CFO serving as the secretary of the board affect the financial statement comparability?—evidence from China
title_sort does the cfo serving as the secretary of the board affect the financial statement comparability?—evidence from china
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9958439/
https://www.ncbi.nlm.nih.gov/pubmed/36851957
http://dx.doi.org/10.1016/j.heliyon.2023.e13609
work_keys_str_mv AT wangyueyun doesthecfoservingasthesecretaryoftheboardaffectthefinancialstatementcomparabilityevidencefromchina
AT hezhenhua doesthecfoservingasthesecretaryoftheboardaffectthefinancialstatementcomparabilityevidencefromchina
AT huangyihan doesthecfoservingasthesecretaryoftheboardaffectthefinancialstatementcomparabilityevidencefromchina
AT lichenhang doesthecfoservingasthesecretaryoftheboardaffectthefinancialstatementcomparabilityevidencefromchina