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CFO attributes and accounting conservatism: evidence from Malaysia
Pacific Accounting Review Pub Date : 2021-08-02 , DOI: 10.1108/par-07-2020-0088
Ismaanzira Ismail 1 , Rohami Shafie 2 , Ku Nor Izah Ku Ismail 2
Affiliation  

Purpose

This paper aims to examine whether conditional conservatism is affected by chief financial officer (CFO) attributes as this issue is understudied in Malaysia. Given that CFOs have a direct responsibility for financial reporting, therefore, their individual attributes are important in influencing conservatism in financial reporting.

Design/methodology/approach

This study uses non-financial listed firms in the Main Market of Bursa Malaysia from the years 2016 until 2019.

Findings

The results show that CFOs’ attributes, namely, gender, age, education level and ethnicity, affect earnings conservatism. To test for robustness, the authors use difference-in-difference, propensity score-matching and unconditional conservatism, namely, market-to-book ratio and the authors find the results hold with an exception for age and education level. Further, the effect of these attributes is more profound in non-Big4 audited firms, suggesting that CFO attributes act as a substitute mechanism for lower audit quality.

Originality/value

This study complements existing studies by documenting the first evidence on the significant effects of CFOs’ attributes in influencing accounting conservatism in an emerging country, namely, Malaysia. This is the first paper, to the humble knowledge, that examines CFOs’ attributes on accounting conservatism in Malaysia.



中文翻译:

首席财务官属性和会计保守性:来自马来西亚的证据

目的

本文旨在研究有条件的保守主义是否受到首席财务官 (CFO) 属性的影响,因为这个问题在马来西亚没有得到充分研究。鉴于 CFO 对财务报告负有直接责任,因此,他们的个人属性对于影响财务报告的保守性很重要。

设计/方法/方法

本研究使用了 2016 年至 2019 年马来西亚交易所主要市场的非金融上市公司。

发现

结果表明,CFO 的属性,即性别、年龄、教育水平和种族,会影响收入保守性。为了测试稳健性,作者使用差异中的差异、倾向得分匹配和无条件保守主义,即市场与账面比率,作者发现除了年龄和教育水平外,结果都成立。此外,这些属性的影响在非 Big4 审计的公司中更为深远,表明 CFO 属性充当了较低审计质量的替代机制。

原创性/价值

本研究通过记录有关首席财务官的属性在影响新兴国家(即马来西亚)会计稳健性方面的显着影响的第一个证据来补充现有研究。恕我直言,这是第一篇研究首席财务官在马来西亚会计稳健性方面的属性的论文。

更新日期:2021-08-15
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