 How Chief Financial Officer’s Social Networks Reduce Corporate Misconduct: Evidence from ChinaXuemei Qiu ()
A chapter in Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), 2024, pp 661-669 from Springer Abstract: Abstract Based on the data of Chinese A-share listed firms from 2007 to 2022, this paper exhaustively analyzes the impact of the CFO social network on firm misconduct and its internal mechanism. The empirical results show that the role of CFOs is very significant, and the higher their centrality, the fewer firm misconducts. Several tests, such as PSM regression have rigorously verified this observation. Further mediation tests find that CFO social networks have information and resource paths that strongly curb firm misconduct. The research results of this paper not only enrich the theory of social networks and corporate misconduct but also provide a new perspective for the supervision of the capital market. The firm should pay attention to the construction of the CFO’s social network, strengthen its central position, and play its effect in preventing the occurrence of corporate violations. Keywords: Firm misconducts; CFO; Interlocking network; Network centrality (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-542-3_76 Ordering information: This item can be ordered from DOI: 10.2991/978-94-6463-542-3_76 Access Statistics for this chapter More chapters in Advances in Economics, Business and Management Research from Springer |
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