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- Title
Chief Financial Officers' International Experience and Corporate Reporting Quality: Evidence from Malaysia.
- Authors
Alrazi, Bakhtiar; Husin, Norhayati Mat
- Abstract
Purpose: Leaders of organisation need to ensure the quality of information being reported to enable the stakeholders making informed decisions. Using the National Annual Corporate Report Awards (NACRA) between 2016 and 2020 as a case, this research aims to explore the relationship between chief financial officers' (CFO) international experience and the proclivity to win the awards. Design/methodology/approach: The sample consisted of 39 winners and 39 non-winners (proxy for corporate reporting quality) during the period, matched on the basis of year, subsector classifications and market capitalisation. The international experience considered working experience, education and nationality. The perspectives of upper echelons and resource-based view were used as the underpinning theories, while descriptive, correlation and regression analyses were conducted to answer the research objective. Findings: Overall, there is a significant relationship between the international experience of CFOs and the quality of corporate reporting. In particular, CFOs who obtained their education from an overseas institution were more likely to come from firms that have won the corporate report awards. Research limitations/implications: The research included a small number of cases; hence the findings are not generalisable to the whole population. Furthermore, it only examined one type of corporate leader (i.e. CFO) and based on a single characteristic (international experience). Practical implications: The research highlights the importance of international experience in general and education in particular towards enhancing corporate reporting quality. Originality/value: The research contributes to the paucity of research examining the influence of leaders' international experience on corporate reporting practice.
- Subjects
MALAYSIA; CORPORATION reports; CHIEF financial officers; FINANCIAL executives
- Publication
Global Business & Management Research, 2021, Vol 13, p1091
- ISSN
1947-5667
- Publication type
Article