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Qin, Shiyu (2019) CEO Power and Financial Reporting Quality: An Examination from a Restatement Perspective. [Dissertation (University of Nottingham only)]

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Abstract

This study investigates the impact of CEO power on the quality of financial reporting measured by financial restatements. After reviewing the current research on corporate governance and financial reporting quality, this paper extends prior research by combining three streams of research on CEO power, including CEO tenure, CEO duality, and CEO ownership. I primarily hypothesize that CEO power is positively or negatively related to the financial reporting quality measured by restatements. Using 422 US companies during 2011 and 2015, it is concluded that CEOs who have more vested interests in the company are more likely to restate their financial reporting. CEO tenure and CEO duality may have no significant association with financial reporting quality, while the companies audited by Big4 firms and with high financial leverage are more likely to restate their financial information. Robustness tests using the control variable “loss” rather than “ROA” generate similar results.

Keyword: Corporate governance; CEO power; Financial Reporting Quality; Restatements

Item Type:	Dissertation (University of Nottingham only)
Depositing User:	Qin, Shiyu
Date Deposited:	30 Nov 2022 13:55
Last Modified:	30 Nov 2022 13:55
URI:	https://eprints.nottingham.ac.uk/id/eprint/57601

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