CFO变更、内部控制与会计信息质量

CFO Turnover,Internal Control and Accounting Information Quality

会计信息是维护资本市场稳定与效率的重要工具,其质量在很大程度上取决于会计信息的生成与传递过程。CFO是会计信息生成与传递过程的直接负责人,其对会计信息质量起着关键性的作用。文章基于CFO变更视角,选取2008-2018年沪深两市A股上市公司CFO变更样本数据,实证分析了CFO变更、内部控制与会计信息质量之间的相关性。研究结果表明:CFO变更与会计信息质量之间存在显著负相关性,内部控制与会计信息质量之间存在显著正相关性,内部控制对CFO变更与会计信息质量具有显著的正向调节作用。进一步研究发现:与非国有控股公司相比,国有控股公司内部控制对CFO变更与会计信息质量的调节效应更加显著。

Accounting information is an important tool for maintaining the stability and efficiency of the capital market.Its quality depends to a large extent on the process of generating and transmitting accounting information.As the direct person in charge of the process of generating and transmitting accounting information,CFO is critical to the quality of accounting information.From the perspective of CFO change,this paper selects the sample data onto CFO changes from A-share listed companies in Shanghai and Shenzhen in 2008-2018,and empirically analyzes the correlation between CFO changes,internal control and the quality of accounting information.The research results show that:there is a significant negative correlation between the CFO change and the quality of accounting information;there is a significant positive correlation between the internal control and the quality of accounting information;internal control has a significant positive regulating effect on the change of CFO and the quality of accounting information.Further research found that compared with non-state-owned holding companies,in state-owned holding companies,the adjustment effect of internal control on CFO changes and the quality of accounting information is more significant.The research in this article has certain enlightenment significance of the research on the economic consequences of executive changes,the influencing factors of the quality of accounting information,and the improvement to the internal control system.