摘要
基于高层梯队理论和社会网络理论,以2008-2015年我国A股上市公司为样本,实证考察CFO背景特征对公司内部控制质量的影响。研究发现:CFO的年龄越大、任期越长,内部控制质量越低;CFO的学历越高,内部控制质量越高;女性CFO较男性CFO在内部控制建设方面存在相对劣势;CFO外部兼职有助于提升内部控制质量。进一步研究发现:在国有企业和非国有企业中,CFO背景特征对内部控制质量的影响存在显著的差异。
Taking Chinese A-share listed companies in Shenzhen and Shanghai stock markets from 2008 to 2015 as the study sample,this paper investigates the effect of CFO background characteristics on firm's internal control quality based on the upper echelon theory and the social network theory.The results show that a firm's internal control quality is negatively associated with CFO age and CFO tenure,and is positively associated with CFO educational level;firms with female CFOs have lower level of internal control quality than firms with male CFOs,and firms with CFOs holding part-time jobs have higher level of internal control quality than firms with CFOs holding no part-time jobs.When further considering different ownership nature,we find that the effect of CFO background characteristics on internal control quality is significantly different in state-owned enterprises and in non-state-owned enterprises.
作者
程富
王福胜
CHENG Fu;WANG Fusheng(School of Business Administration,Northeastern University,Shenyang,Liaoning 110167,China;School of Economics and Management,Harbin Institute of Technology,Harbin,Heilongjiang 150001,China)
出处
《财经理论与实践》
CSSCI
北大核心
2018年第5期63-70,共8页
The Theory and Practice of Finance and Economics
基金
国家自然科学基金(71802044)
国家社会科学基金(17BGL244)
中央高校基本科研业务费项目(N160603001)
关键词
CFO背景特征
产权性质
内部控制质量
CFO background characteristics
ownership nature
internal control quality
