• 西南财经大学现代会计学术沙龙:CEO Sensation Seeking and Accounting Conservatism
    发布时间:2019-07-01 查看次数:

    题:CEO Sensation Seeking and Accounting Conservatism

    主讲人Xiaohua Fang (Assistant Professor, Florida Atlantic University)

    主持人:西南财经大学会计学院 陈磊 副教授

    间:2019072日(星期二)下午15:00-16:30

    点:西南财经大学柳林校区通博楼D301会议室

    办:会计学院 科研处

    诚邀各位老师和同学参加!

    主讲人简介:

    Xiaohua Fang (Assistant Professor, Florida Atlantic University). He has published in top journals such as Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, Journal of Banking and Finance, Journal of Business Ethics, and Journal of Accounting and Public Policy. His research interests include Information disclosure and stock return distribution in capital market, corporate social responsibility, social norms, auditing, debt contracting, regulation and corporate governance.

    论文简介:

    Psychological and upper echelons theories suggest that CEOs with the personality trait of sensation seeking shape corporate policies. In gauging sensation seeking with whether the CEO holds a pilot license, we examine its importance to firms accounting conservatism. Our evidence implies that CEO sensation seeking is negatively associated with accounting conservatism after controlling for several other CEO characteristics. This result holds in extensive sensitivity analysis, including in confronting potential endogeneity threats with several techniques. Finally, in cross-sectional analysis, we find no evidence that the negative relation between CEO sensation seeking and accounting conservatism varies systematically with external monitoring and CEO power levels, consistent with prior research implying that intrinsic motivation from sensation seeking dominates potential constraints from extrinsic forces. Our analysis highlights an important economic outcome stemming from CEO sensation seeking.