CEOs’ Great Chinese Famine experience
发布时间:2018-06-27 查看次数:

             光华讲坛暨 现代会计学术沙龙第107


 题:CEOs’ Great Chinese Famine experience and accounting conservatism: Evidence from China

主讲人:麦考瑞大学应用金融系  Gary Tian(田钢)教授


主持人:西南财经大学会计学院  何苦博士






  办:会计学院  科研处





Gary Tian(田钢),麦考瑞大学应用金融与精算系教授,期刊Accounting and Finance编委。研究领域:Political connections, uncertainty and corruption; CEO compensation/turnover; State ownership and family control; Auditing; Bank loans and Trade credit; Investment efficiency and Mergers and Acquisitions。在学术期刊MS, AJPT, JCF,JBF等发表多篇论文。



This paper intends to link CEOs’ adverse early-life experiences to accounting policy choice, by investigating whether a CEO’s Great Chinese Famine experience impacts on corporate accounting conservatism. Our results show that companies whose CEOs had famine experience in their early life used more conservative accounting. That is, these CEOs recognized bad news in a timely manner while good news is not recognized until it is certain. We also find that the positive association between the CEO's famine experience and accounting conservatism is moderated by firm ownership structure and environmental uncertainties such as the core government official turnover and the adoption of IFRS. Results from additional tests show two direct links between CEO famine experience and accounting conservatism: CEOs who experienced famine are more likely to conservatively recognize and disclose contingencies and asset impairments in negative events, consistent with our main result. Moreover, we find that the CEOs who experienced famine during their youth had a greater impact on accounting conservatism. Our study contributes to the accounting policy choice literature, and results are robust for several other robustness tests. We argue that the CEO will apply the risk sensitivity learned from the famine experience to the company's accounting policy decisions to meet the obligations of the contracting parties and other stakeholders.