Graduation Year
2022
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Marc Massoud
Reader 2
Nancy Macko
Abstract
This paper analyzes the relationship between the gender characteristic of Chief Financial Officers and their engagements in accounting restatements. I base my research on the upper echelons theory (Hambrick and Mason 1984) that human factors affect CFOs’ business thinking. Using Form 8-K Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review, I discover that female CFOs are associated with more restatements, which contradicts prior research arguing women are more risk-averse in decision-making. My result can be explained by the glass cliff theory (Ryan and Haslam 2007).
Recommended Citation
Li, Wendy, "A STUDY OF THE GENDER CHARACTERISTICS AFFECTING CHIEF FINANCIAL OFFICERS’ ENGAGEMENT IN ACCOUNTING RESTATEMENTS" (2022). Scripps Senior Theses. 1967.
https://scholarship.claremont.edu/scripps_theses/1967
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
