The study of CFO characteristics and real earnings management - Moderating effects of gender

• Main Authors: Yu-Chieh Wu, 伍猷傑
• Other Authors: Yee-Chy Tseng
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/m96482

碩士 === 國立高雄應用科技大學 === 會計系 === 104 === This study selects listed companies between 2007 and 2015 as research samples in order to analyze how characteristics of Chief Financial Officers (CFOs) –financial expertise, CPA experience, and tenure – influence the extent of Real Earnings Management (REM). Empirical results have shown that CFOs with financial expertise or CPA experience have no significant influence on REM, while CFO tenure is negatively related to REM. This implies that longer-serving CFOs are more familiar with company policies and prefer to more conservative decisions, thus resulting in a lower degree of REM. In addition, this study also uses gender as the moderating effect on the relationship between CFO characteristics and REM. The empirical results show that female CFOs with CPA experience can reduce the extent of REM. Finally, this study divides REM into abnormal cash flow from operating activities, discretionary production cost, and abnormal discretionary expenses for additional analyses. Results indicate that CFOs with CPA experience do not tend to cut discretionary expenses; longer-serving CFOs seldom have abnormal cash flow from operating activities and discretionary production cost; female CFOs with financial expertise or CPA experience can better reduce the abnormal cash flow from operating activities.