讲座题目：Financial controller turnover: An early warning sign of deteriorating financial reporting quality

报告人：于小偶 助理教授

主持人：余明桂院长

报告时间：2019年12月16日下午14:00—15:30

报告地点：文泉楼南106实验室

主办单位：中南财经政法大学金融学院

产业升级与区域金融湖北省协同创新中心

中南财经政法大学湖北金融研究中心

中南财经政法大学中国投资研究中心

内容摘要：This study examines the relation between financial controller turnover and firm’s financial reporting quality. Exploiting a special institutional setting in China, where financial controllers along with CEOs and CFOs are required to personally attest to the accuracy and completeness of firms’ annual reports, we find that: 1) aggressive accounting manipulations are positively associated with financial controller turnover, 2) real earnings management is not related to financial controller turnover, and 3) the positive relation between accounting manipulations and financial controller turnover is more pronounced in non-state-owned enterprises and in firms with weaker corporate governance. Further analyses show that financial controller turnover leads to higher incidence of subsequent financial statement restatements and the CSRC enforcement actions. Financial controller turnover also precedes top executive turnover which can be viewed as an early warning sign of deteriorating financial reporting quality. While prior research primarily focuses on the relation between earnings management and senior executive turnover (CEOs and CFOs), our study extends the research to lower level accounting officers to highlight the important role of lower level accounting officers in accounting information quality.

主讲人简介: 于小偶，厦门大学财务管理与会计研究院助理教授。毕业于休斯顿大学商学院，获得工商管理专业会计学博士。曾就职于加州州立大学长滩分校商学院。曾经在Management Science、Journal of Accounting Auditing and Finance、会计研究等国内外期刊发表多篇论文。