| Summary: | 碩士 === 國立臺中科技大學 === 會計資訊系碩士班 === 107 === This study investigates the effect of CEO and CAO-Director duality on chief accounting officers’ turnover (hereafter CAO turnover) for financial restatement firms. This study uses a sample of 118 financial restatement firms with accounting irregularity from year 2005 to 2015, and examines the relation between CAO turnover and CEO/ CAO-Director duality by logistic regression model. We find that when CAO turnover window is the current year and the following year of the announcement, CEO duality have the positive impact on CAO turnover. If dividing CAO turnover window into the current year and the following year, we find that in the current year CEO duality and CAO turnover have the positive relation; in the following year, CEO turnover is significantly negatively correlated with CAO turnover. In addition to employing shareholding ratio of CEO as proxy variable of CEO characteristic, we also investigate whether CEO duality without CEO turnover affected the possibility of CAO turnover. The empirical results do not support the hypotheses.
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