讲座题目：CFO Power and Selection of Earnings Management Strategies

讲座时间：2023年11月3日（周五）16：00-17：00

讲座地点：明德楼1101会议室

主讲嘉宾：张鹏东助理教授      中山大学管理学院

主讲嘉宾简介：

张鹏东，中山大学管理学院助理教授，管理学博士，中国注册会计师、特许金融分析师非执业会员。兴趣领域为公司财务、会计与资本市场，研究成果发表或录用于《经济研究》、《会计研究》、《金融研究》、《中国工业经济》、《管理科学学报》、Journal of Accounting and Economics、Journal of Corporate Finance等刊物，主持或参与多项国家自然科学基金项目，曾获广东省五一劳动奖章。

讲座主要内容：

A transition in earnings management behavior from accruals-based earnings management (AEM) to real activities manipulation (REM) has been observed in recent years, attracting attention from both industry and academia. This study quantifies the relative power of CFOs compared to non-CEO executives via their rankings in top management teams and finds that firms with high-ranking CFOs are more (less) likely to adopt REM (AEM). We examine the power mechanism by validating the substitutive role of other power sources and document that the impact of CFO ranking is weakened when they serve as a board member, hold more shares, or have multiple senior managerial positions. In addition, the effect of CFO power on earnings management strategy varies across environmental contexts. Overall, our paper contributes to the literature by clarifying factors driving the shift from AEM to REM through an internal key role perspective.

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 经济学院

2023年10月31日