产权性质、CFO背景特征与内部控制质量

基于高层梯队理论和社会网络理论，以2008-2015年我国A股上市公司为样本，实证考察CFO背景特征对公司内部控制质量的影响。研究发现：CFO的年龄越大、任期越长，内部控制质量越低；CFO的学历越高，内部控制质量越高；女性CFO较男性CFO在内部控制建设方面存在相对劣势；CFO外部兼职有助于提升内部控制质量。进一步研究发现：在国有企业和非国有企业中，CFO背景特征对内部控制质量的影响存在显著的差异。

Ownership Nature, CFO Background Characteristics and Internal Control Quality

Taking Chinese A-share listed companies in Shenzhen and Shanghai stock markets from 2008 to 2015 as the study sample, this paper investigates the effect of CFO background characteristics on firm''s internal control quality based on the upper echelon theory and the social network theory. The results show that a firm''s internal control quality is negatively associated with CFO age and CFO tenure, and is positively associated with CFO educational level; firms with female CFOs have lower level of internal control quality than firms with male CFOs, and firms with CFOs holding part-time jobs have higher level of internal control quality than firms with CFOs holding no part-time jobs. When further considering different ownership nature, we find that the effect of CFO background characteristics on internal control quality is significantly different in state-owned enterprises and in non-state-owned enterprises.