CEO Tenure and Financial Reporting Quality
| Autor: | Tzu-Yi Chen, 陳姿儀 |
|---|---|
| Rok vydání: | 2014 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 102 Financial reporting credibility is important because decision-useful information is well appreciated by all market participants. This paper explores if CEO tenure matters to corporate financial reporting quality by examining their connections. Using Taiwanese listed firms as samples from 2006-2011, empirical results indicate that long tenure CEOs are associated with better financial reporting quality than short tenure CEOs, supporting our hypothesis. This paper also finds, long tenure CEOs from family firms report higher quality financial statements. Lastly, we explore the effect of managerial hegemony, as proxied by CEO duality, on financial reporting quality. We find that firms helmed with long-tenure dual status CEOs report lower discretionary accruals and higher accrual quality, implying higher financial reporting quality. Overall, empirical results indicate CEO long tenure is good as far as financial reporting is concerned. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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