CFO内部董事与财务报告质量

CFO Inside Directors and Financial Reporting Quality

本文基于中国特色的制度背景和社会文化,实证检验了CFO内部董事对财务报告质量的影响。研究结果表明,CFO内部董事能显著提高财务报告质量。作用机理检验发现,CFO内部董事主要通过降低信息不对称、缓解代理问题和提高CFO社会地位来提高财务报告质量。本文探明了CFO内部董事对财务报告质量的积极作用及其作用发挥的内在机理,为进一步完善我国CFO制度进而提高财务报告质量提供了本土化的经验证据,据以为企业管理者、准则制定机构、国家监管部门进行相关决策提供借鉴和参考。

Based on the system background and social culture with Chinese characteristics,this paper investigates the impact of CFO inside directors on financial reporting quality.The empirical results indicate that CFO inside directors improve financial reporting quality significantly.Mechanism tests show that CFO inside directors can reduce information asymmetry,mitigate agency problems and improve the social status of CFO,which can further enhance financial reporting quality.This paper focuses on the mechanism between CFO inside directors and financial reporting quality and provides the localized evidence on how the mechanism can make sense.Moreover,the findings contribute to enterprise managers,standard setters and national regulators,thus implementing measures scientifically and reasonably.