The staggered tenure of CEO and board secretary and information disclosure quality

Yuchen Song and Mingqi Zhu

Finance Research Letters, 2023, vol. 58, issue PD

Abstract: This paper explores whether the staggered tenure of CFOs and directors' secretaries impacts the quality of corporate disclosure. A sample of A-share listed companies from 2007 to 2022 is selected as the data sample. The study shows that staggered tenure of CFOs and board secretaries can significantly improve the quality of information disclosure; the effect of staggered tenure of the two on the governance of non-state-owned enterprises is more obvious; the effect of staggered tenure of the two on the quality of information disclosure is more evident in firms in which the board secretaries are shareholders.

Keywords: Staggered tenure; CFO; Board secretary; Disclosure quality (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s154461232301053x

DOI: 10.1016/j.frl.2023.104681

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