摘要
利用2000—2007年中国上市公司A股的CFO变更数据,对影响CFO变更的公司业绩、公司内部治理、公司外部治理、CFO自身特征和公司特征五个方面影响因素进行了分析,研究结果表明:(1)CFO变更与公司业绩显著负相关;(2)公司的内部治理董事会、监事会和股东会开会次数对CFO变更影响显著,CEO变更对CFO变更呈显著正相关;(3)CFO变更与作为外部治理的公司年报的非标准审计意见呈显著正相关;(4)CFO自身特征中的年龄、性别、任期对CFO变更影响显著;(5)CFO变更与控股股东变更、公司是否为ST和PT公司呈显著正相关。
Using CFO turnover data of Chinese A - share listed company in 2000 - 2007, this paper analyzed the five CFO turnoverg impact factors which including the performance of the company, internal governance, external governance, CFO's characteristics and company features. Key findings reported in the paper are: ( 1 ) CFO's turnover and the company's performance are significant negative correlation; (2) the number of the company's internal governance board of directors, board of supervisors and meeting of shareholders has an sig- nificantly affect on CFO turnover. Turnover of CEO and CFO turnover was significant positively correlated; (3) CFO turnover and non - standard audit opinion are significant positive correlation; (4) CFO's characteristics in age, gender, term of office have significantly affect on CFO turnover; (5) CFO turnover is positively correlated with controlling shareholders change and the company of ST and PT characteristics.
出处
《华东经济管理》
CSSCI
2009年第12期72-77,共6页
East China Economic Management
关键词
CFO变更
公司业绩
公司治理
CFO特征
CFO turnover
performance of the company
corporate governance
CFO characteristics