Accounting Seminar（2019-05）

Topic: CEO-CFO Psychological Homogeneity and Accrual Earnings Management

Speaker: Nan Hu，The School of Management，Xi’an Jiaotong University

Time: Friday, March 29th, 10:00-11:30 a.m

Place: Room 217, Guanghua Building 2

Abstract:

This study introduces the language style matching (LSM) to measure CEO-CFO psychological homogeneity and investigates how this relationship-specific characteristic affects firms’ accrual earnings management. We find that the CEO-CFO psychological homogeneity deters CFOs’ governance role for financial reporting quality, resulting in higher accrual earnings management. Furthermore, since psychological homogeneity can represent social interaction similarity, demographic similarity, and personality similarity, we employ a two-stage analysis to tease out which a factor(s) dominates in our context. We find that it is the personality similarity between CEOs and CFOs that drives our baseline results. In addition, we also fined that the effect of CEO-CFO LSM on accrual earnings management is more pronounced for firms with (i) greater financial constraints, (ii) opaque information environment, (iii) poor corporate governance quality. Our results still hold when we use executives’ conversations within management presentation or Q&A sections to re-estimate the LSM.

Introduction:

胡楠博士,西安交通大学管理学院会计系教授、博士生导师。曾担任美国史蒂文斯理工学院、威斯康辛大学以及新加坡管理大学教师和博士生导师。

胡楠教授的研究工作主要集中于通过运用交叉学科(计算机、会计、金融、市场、信息、文本挖掘、深度学习、人工智能)的方法来研究信息的价值。在基于在线用户内容（包含但不限于用户评论、博客、媒体普光等）以及行为的信息质量和信息经济价值方向上做了大量前瞻性的工作。近期，在上市公司（中英文）非结构数据的信息抽取、文本挖掘、深度学习、信息价值做了大量基础研究。截止目前，在计算机科学、会计、金融、市场以及信息科学等领域发表了八十多篇学术论文和会议论文，其中3篇文章发表在UT Dallas商学院认定的24种期刊目录中、4篇文章发表在金融时报（FT）商学院认定的50种期刊目录中、5篇文章发表在ABS4, 17篇文章发表在ABS3期刊目上 。文章谷歌引用近3000次，多篇文章单篇引用超过3159次，是Springer出版社单篇引用全球排名前1%的作者，也是SSRN下载排名前10%的作者。

胡楠博士的文章已经见刊在如会计领域的JAAF, JBFA, JAPP, RQFA，Abacus,信息领域的MISQ，JMIS, CACM, DSS, IEEE, JBR等， 运筹领域的POM,计算机领域的World Wide Web(WWW )会议，信息领域的ICIS、WISE、AMCIS、HICSS会议，信息安全领域的USENIX会议，电子商务领域的ACMEC会议，会计领域的AAA，EAA会议，以及金融领域的FMA，EFA, WFA等会议。

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