Financial Restatement and CFO Turnover

• Main Authors: Yu-Shun Huang, 黃郁舜
• Other Authors: Hsiu-Ching Chiu
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/pw92ae

碩士 === 中國文化大學 === 會計學系 === 100 === Arthaud-Day, Certo, Dalton, and Dalton (2006) and Feldmann, Read, and Abdolmohammadi (2009) say when company has financial restatement, it will pose serious threat the organization legitimacy and fame. This research verify the theory and mandatory restatement of company removing CFO turnover possibility. Research data of restatement period from 2000 to 2010, this research employs descriptive statistics, correlation analysis and logistic regression analysis to analysis financial restatement and CFO turnover. The result is that in contrast no restatement company, company with restatement has high possible of CFO turnover. Restatement issue not only threat organization legitimacy and frame, but also give financial users negative signal. We also find contrast mandatory restatement and non of mandatory, company with mandatory restatement has high possible to remove CFO.