报告题目：CFO Power and Selection of Earnings Management Strategies
报告人： 张鹏东 助理教授（中山大学）
时间：2023年 11月9日 13:30-15:00
地点：管理学院A南506
报告内容摘要：
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.
【张鹏东个人简介】
张鹏东博士，中山大学管理学院助理教授，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、信息披露与审计，研究成果发表或录用于Journal of Accounting and Economics、Journal of Economic Behavior & Organization、Journal of Corporate Finance、《经济研究》、《会计研究》、《金融研究》、《中国工业经济》、《管理科学学报》等国内外刊物，主持或参与多项国家自然科学基金项目。
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