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文泉会计论坛第77期讲座通知

  • 作者:     发布时间:2017-06-26    
  • 讲座内容:CEOs versus CFOs: Managerial Optimism and Cost Behavior

    讲座教师:Clara Xiaoling ChenAssociate Professor

         University of Illinois at Urbana-ChampaignDepartment of Accountancy

      中南财经政法大学会计学院,楚天学者,特聘教授

    讲座时间:2017629日(周四)下午2:00

    讲座地点:文泉楼南401大会议室

    Abstract: Using a large sample of U.S. firms for the period 1992-2015, we provide evidence on the impact of managerial optimismof CEOs versus CFOs on cost behavior in the setting of cost stickiness. We predict that optimistic CEOs or CFOs overestimate future demand, which makes them more likely to keep excess resources when current sales decline, resulting in greater cost stickiness of SG&A costs.We find that, although both CEO optimism and CFO optimism are positively associated with cost stickiness, after controlling for CFO optimism, CEO optimism has no effect on SG&A cost stickiness, suggesting that CEO optimism can be constrained by CFO conservatism in cost management decisions. In addition, we find that the relation between CFO optimism and cost stickiness is more pronounced in firms with more powerful CFOs. Our results highlight the important role CFOs play in cost management decisions and the interaction between CEO and CFO characteristics in such decisions.

    Keywords: Managerial characteristics, CFO, optimism, cost stickiness, cost behavior

    附简历

    ACADEMIC EMPLOYMENT

    Associate Professor of Accountancy University of Illinois at Urbana Champaign August 2013 – present

    Assistant Professor of Accountancy University of Illinois at Urbana Champaign June 2006 - August 2013

    EDUCATION

    Ph.D., Accounting, University of Southern California June 2006

    MAcc. (Masters of Accounting), University of Southern California May 2000

    B.A., English, Peking University (China) July 1997

    RESEARCH and TEACHINGINTERESTS

    Management accounting and control, especially the design of performance measurement and incentive systems.

    JOURNALARTICLES

    1. Chen, C. X., J. Nichol., and F. Zhou. Forthcoming.“The Effect of Incentive Framing and Descriptive Norms on Internal Whistleblowing.”University of Illinois at Urbana-Champaign and Georgia State University.Contemporary Accounting Research.

    2. Chen, C. X. Forthcoming. Discussion of “Management Control for Stimulating Different types of Creativity: The role of Budgets.” Journal of Management Accounting Research.

    3. Chen, C. X., E. M. Matsumura, J. Y. Shin, and S. Wu. 2015. "The Effect of Competition Intensity and Competition Type on the Use of Customer Satisfaction Measures in Executive Annual Bonus Contracts." The Accounting Review 90(1): 229-263.

    4. Chen, C. X., K. Trotman, and F. Zhou. 2015. “Nominal versus Interacting Electronic Fraud Brainstorming in Hierarchical Audit Teams.” The Accounting Review 90(1): 175-198.

    5. Chen, C. X., K. Rennekamp, and F. Zhou. 2015. “The Effects of Forecast Type and Performance-Based Incentives on the Quality of Management Forecasts.” Accounting, Organizations and Society 46: 8-18.

    6. Chen, C. X., S. Chen, F. Pan, and Y. Wang. 2015. “Determinants and Consequences of Transfer Pricing Autonomy: An Empirical Investigation.” Journal of Management Accounting Research 27(2): 225-259. (Winner of 2017 Journal of Management Accounting Research Best Paper Award)

    7. Chen, C. X. 2015. Discussion of “Testing Strategy with Multiple Performance Measures: Evidence from a Balanced Scorecard at Store24.” Journal of Management Accounting Research 27(2): 67-73.

    8. Chen, C.X., M. Martin, and K. Merchant. 2014. “The Effect of Measurement Timing on the Information Content of Customer Satisfaction Measures.” Management Accounting Research 25: 187-205.

    9. Chen, C. X., M. G. Williamson, and F. Zhou. 2012. “Reward System Design and Group Creativity: An Experimental Investigation.” The Accounting Review 87(6): 1885-1991. (Winner of 2010 Outstanding Management Accounting Paper Award)

    10. Chen, C. X., and T. Sandino. 2012. "Can Wages Buy Honesty? The Relationship between Relative Wages and Employee Theft.” Journal of Accounting Research 50(4): 967-1000.

    11. Chen, C. X., H. Lu, and T. Sougiannis. 2012. “The Agency Problem, Corporate Governance, and the Behavior of Selling, General, and Administrative Costs.” Contemporary Accounting Research 29(1): 252-282.

    12. Chen, C. X., and P. Adler. 2011. “Combining Creativity and Control: Understanding Individual Motivation in Large-Scale Collaborative Creativity." Accounting, Organizations and Society, 36(2): 63-85.

    13. Chen, C. X. 2009. “Who Really Matters? Revenue Implications of Stakeholder Satisfaction in a Health Insurance Company." The Accounting Review 84(6): 1781-1804. (Winner of 2007 Management Accounting Section Outstanding Dissertation Award)

    14. Chen, C. X., W. A. Van der Stede, W., and S. M. Young. 2005. “Assessing the Quality of Evidence in Empirical Management Accounting Research: The Case of Survey Studies.” Accounting, Organizations and Society 30(7/8): 655-684.

     

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