The financial expertise of CFOs and accounting restatements

By Jagadison K. Aier, Joseph Comprix, Matthew T. Gunlock, Deanna Lee. 2005

391 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cf0ec7af788efdc6b7bf7c3615d33d5802bcabb4

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Citations in the corpus

Employee Quality and Financial Reporting Outcomes (2017, neutral): “, 2013 ), financial misreporting ( Aier et al., 2005; Ge et al., 2011 ), option backdating ( Dhaliwal et al., 2009 ), and tax aggressiveness ( Dyreng et al., 2010; Chyz, 2013 ). We contribute to this literature as the first to establish that characteristics of employees outside the C-suite are also ”
The influence of individual executives on corporate financial reporting: A review and outlook from the perspective of upper echelons theory (2016, background): “In particular, CFO education seems to affect financial reporting choices: CFOs with an MBA degree or CPA certification are less often involved in restatements than CFOs without such degrees (Aier et al., 2005). Brochet and Welch (2011) find evidence that CFOs with prior acquisition experience are si”
Seeing is believing? Executives' facial trustworthiness, auditor tenure, and audit fees (2020, positive): “…charge a lower audit fee to trustworthy-looking CFOs also highlights the crucial role of CFOs in financial reporting, which has beenwell documented in prior literature (Aier et al., 2005; Chava and Purnanandam, 2010; Ham et al., 2017; Jiang et al., 2010; Kim et al., 2011; Liu et al., 2016).”
A comparison of alternative measures of organizational aspirations (2014, result): “both in other studies of these same financial restatements (Aier et al., 2005; Arthaud-Day et al., 2006; Kinney et al., 2004; O’Connor et al., 2006), and in studies of other similarly infrequent phenomena (Cannella et al.”
Incentives to Cheat: The Influence of Executive Compensation and Firm Performance on Financial Misrepresentation (2007, neutral): “designs have been used in other studies of financial restatements ( Aier et al. 2005, Arthaud-Day et al. 2006, Kinney et al. 2004, O’Connor et al. 2006), and other similarly infrequent phenomena (Cannella et al. 1995, Daily and Dalton 1994, Erickson et al. 2006, Hambrick and D’Aveni 1988).”
Overconfidence and investment: An experimental approach (2017, background): “Finally, Aier et al. (2005) show that CFO’s financial expertise is negatively correlated with accounting errors and earnings restatements.”
Managerial Ability and Earnings Quality (2013, background): “Aier et al. (2005) document an association between CFO expertise (years worked as CFO, experience at another company, advanced degrees, and professional certifications) and restatements, concluding that firms employing CFOs who have greater expertise have fewer restatements.”