Do CFOs Have Style? An Empirical Investigation of the Effect of Individual CFOs on Accounting Practices*

Ge, Weili; Matsumoto, Dawn A.; Zhang, Jenny Li

doi:10.1111/j.1911-3846.2011.01097.x

Cited by 571 publications

(456 citation statements)

References 96 publications

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“…Whilst Ge et al (2011) and Ye et al (2010) failed to support this proposition, some other studies document significant differences between male and female executives on financial reporting quality (Capezio and Mavisakalyan 2016;Peni and Vahamaa 2010;Srinidhi et al 2011). For example, Francis et al (2014) showed that female executives are associated with less tax aggressiveness.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 76%

Female CEOs and Core Earnings Quality: New Evidence on the Ethics Versus Risk-Aversion Puzzle

et al. 2018

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The question of whether females tend to act more ethically or risk-averse compared to males is an interesting ethical puzzle. Using a large sample of US firms over the 1992-2014 period, we investigate the effect that the gender of a chief executive officer (CEO) has on earnings management using classification shifting. We find that the pre-Sarbanes-Oxley (SOX) Act period was characterized by high levels of classification shifting by both female and male CEOs, but the magnitude of such practices is, surprisingly, significantly higher in firms with female CEOs than in those with male CEOs. By contrast, our results suggest that following the passage of the punitive SOX Act, classification shifting by female CEOs declined significantly, whilst it remained pervasive in firms with male CEOs. This suggests that the observable differences in financial reporting behavior between male and female CEOs seem to be because female CEOs are more risk-averse, but not necessarily more ethically sensitive than their male counterparts are. The central tenets of our findings remain unchanged after several additional checks, including controlling for alternative earnings management techniques, corporate governance mechanisms, CEO and chief financial officer characteristics and propensity score-matching.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 76%

Female CEOs and Core Earnings Quality: New Evidence on the Ethics Versus Risk-Aversion Puzzle

et al. 2018

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“…Based on a sample of 435 Italian firms for the years 2009 to 2013, Ginesti et al (2018) found that the presence of female on the board have a positive effect on disclosure process and annual reports' transparency. In contrast, Ge et al (2011) found that the CFO gender has not affects discretionary accruals. Dyreng et al (2010) do not find that executive gender influences company tax avoidance.…”

Section: Gender Diversity and Accounting Conservatismmentioning

confidence: 84%

Board Diversity and Accounting Conservatism: Evidence from Jordan

Makhlouf¹,

Alsufy²,

Almubaideen³

2018

IBR

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The main aim of this research is to investigate whether board diversity affect the accounting conservatism. This study depends on a panel data set drawn from 68 industrial firms listed on Amman Stock Exchange (ASE) for the period from 2013 to 2016. Four demographic characteristics of directors have been investigated, namely: gender diversity, education level, average age and nationality diversity. Accounting conservatism was measured by accrual-based conservatism. The results indicate that gender diversity, education level and nationality diversity are significantly positively correlated with accounting conservatism. However, the findings fail to reveal any significant effect for directors' age on accounting conservatism. The findings of this study assert that it is necessary to take board diversity (directors' demographic characteristics) into account when choosing board of directors members because demographic characteristics diversity influences directors' behavior to deal with different issues that are related to accounting principles.

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“…As regras são informações mais detalhadas sobre a aplicação dos princípios, portanto, as IFRS incluem tanto princípios quanto regras, dependendo do contexto ao qual serão aplicadas (SCHIPPER, 2003;BARTH, 2008 Em decorrência disso, estudos têm sido realizados visando a identificar a relação existente entre as escolhas contábeis e a prática no reconhecimento, na mensuração e na evidenciação das informações, bem como os impactos das escolhas contábeis na comparabilidade das demonstrações financeiras (CAIRNS et al, 2011;GE;MATSUMOTO;ZHANG, 2011;MURCIA;WERGES, 2011;LORENCINI;COSTA, 2012;HALLER;WEHRFRITZ, 2013;SOUZA;SILVA;COSTA, 2013).…”

Section: Escolhas Contábeisunclassified

A Comparabilidade Das Escolhas Contábeis Na Mensuração De Ativos Intangíveis De Companhias Abertas Brasileiras E Portuguesas

Souza

Botinha

Lemes

2016

Race

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Com o fluxo das relações entre os mercados financeiros, surge a importância da comparabilidade das demonstrações contábeis entre entidades de um mesmo país, assim como entre entidades de países diferentes. Nesse sentido, com o estudo buscou-se identificar o grau de comparabilidade das demonstrações financeiras de 230 companhias abertas, sendo 184 entidades do Brasil e 43 entidades de Portugal, em relação às escolhas contábeis em ativos intangíveis (IAS 38), no período de 2010 a 2012. As escolhas contábeis analisadas relacionaram-se à mensuração dos ativos intangíveis, ou seja, ao reconhecimento, à avaliação e ao impairment. A comparabilidade dentro e entre países foi medida pelo índice T (Índice de Taplin), e buscou-se verificar o comportamento do índice ao longo do período analisado. Os resultados mostraram que, apesar das escolhas contábeis presentes na norma IAS 38, observou-se comparabilidade entre as práticas contábeis em ativos intangíveis das empresas do Brasil e de Portugal, em todos os períodos analisados. Entretanto, essa comparabilidade registrou-se média e decrescente ao longo do tempo. Fato curioso aponta maiores índices de comparabilidade em itens com maior número de escolhas contábeis. Outro resultado a se destacar é que, apesar de as empresas brasileiras exibirem maior comparabilidade, as empresas portuguesas apresentaram-se mais harmônicas no sentido de as entidades manterem as mesmas escolhas contábeis ao longo do tempo.Palavras-chave: Comparabilidade. Escolhas contábeis. Ativo intangível. Índice T. The Comparability of Accounting Choices in the Measurement of Intangible Assets of Brazilian and Portuguese Listed CompaniesAbstract With the flow of the relationship between financial markets, arises the importance of comparability of financial statements between entities within a country and between entities of different countries. In this sense, with the study it was seeked to identify the degree of comparability of financial statements of 230 listed companies, with 184 entities in Brazil and 43 entities in Portugal, in relation to the accounting choices in intangible assets (IAS 38) for the period from 2010 to 2012. The analyzed accounting choices related to the measurement of intangible assets, ie the recognition, evaluation and impairment. The comparability within and between countries was measured by T-score (Taplin Index), and sought to verify the behavior of the index over the period analyzed. The results showed that despite the accounting choices present in the standard IAS 38, it observed comparability between the accounting practices in intangible assets of companies from Brazil and Portugal, in all periods analyzed. However, this comparison recorded medium and decreasing over time. Interesting fact points greater comparability rates on items with the highest number of accounting choices. Another result to stand out, is that although Brazilian companies exhibit greater comparability, Portuguese companies presented more harmonic towards the entities remain the same accounting choices over time.Keywords: Comparability. Accounting choices. Intangible asset. T-Index.

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Do CFOs Have Style? An Empirical Investigation of the Effect of Individual CFOs on Accounting Practices*

Cited by 571 publications

References 96 publications

Female CEOs and Core Earnings Quality: New Evidence on the Ethics Versus Risk-Aversion Puzzle

Female CEOs and Core Earnings Quality: New Evidence on the Ethics Versus Risk-Aversion Puzzle

Board Diversity and Accounting Conservatism: Evidence from Jordan

A Comparabilidade Das Escolhas Contábeis Na Mensuração De Ativos Intangíveis De Companhias Abertas Brasileiras E Portuguesas

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