Campus Only Senior Thesis
Bachelor of Arts
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).
Li, Wendy, "A STUDY OF THE GENDER CHARACTERISTICS AFFECTING CHIEF FINANCIAL OFFICERS’ ENGAGEMENT IN ACCOUNTING RESTATEMENTS" (2022). Scripps Senior Theses. 1967.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.