Cross-Border Trade and E-commerceOpen Access
Cross-Border Trade and E-commerce is an international peer-reviewed journal that publishes original and high-quality research papers in all related areas. All papers published will be open access to all readers. To build a platform for scientific research and academic exchange for scholars, focusing on the development and research, introducing worldwide research, theory and practice, and promoting international exchanges.
ISSN: N/A (Print)
Frequency: Bimonthly
ISSN: 2832-353X (Online)
Website: https://doi.org/10.55571/cte
Email: cte@4dpublishinggroup.com
Indexing and Abstracting: Google Scholar; CrossRef; ResearchBib; WorldCat; CiteFactor
Email: cte@4dpublishinggroup.com
Indexing and Abstracting: Google Scholar; CrossRef; ResearchBib; WorldCat; CiteFactor
Research on the Relationship between CFO’s Status and Firm Over-Investment
DOI:https://doi.org/10.55571/cte.2022.05013
Authors:Meng-xiao Li
Affiliation: Southwestern University of Finance and Economics
Information:Cross-Border Trade and E-commerce, May 2022 Vol.1, No.1, pp 9-27
Authors:Meng-xiao Li
Affiliation: Southwestern University of Finance and Economics
Information:Cross-Border Trade and E-commerce, May 2022 Vol.1, No.1, pp 9-27
Abstract:This paper investigates the relationship between CFO’s status and firm over-investment from the unique perspective of CFO’s position in Top Management Team(TMT), considering traditional cultural background of China. This paper indicates that there is a positive relationship between the rank of CFO in the TMT and the status. The study finds that CFO’s status have negative impact on firm over-investment; and the negative impact only exist in non-state-owned firms. Additional tests show that the CFO’s high status strengthens the effectiveness of its compensation contract; and the restraining effect of CFO’s status on firm over-investment eventually will be reflected in the market, reducing its risk of stock market crashes.
Keywords:CFO; Over-investment; Rank
Cite This Article:Li M. X. (2022). Research on the Relationship between CFO’s Status and Firm Over-Investment. Cross-Border Trade and E-commerce, May 2022 Vol.1, No.1, pp 9-27
Keywords:CFO; Over-investment; Rank
Cite This Article:Li M. X. (2022). Research on the Relationship between CFO’s Status and Firm Over-Investment. Cross-Border Trade and E-commerce, May 2022 Vol.1, No.1, pp 9-27
