CEO demographics and accounting fraud: Who is more likely to rationalize illegal acts?
研究CEO年龄、职能经验、学历等人口特征与会计欺诈的关系，发现年轻、经验少、无商学学位的CEO更可能合理化欺诈行为，且股票期权激励也预测欺诈。
This article proposes that key CEO demographic factors reflect alternative modes of rationalizing the choice to engage in and/or facilitate accounting fraud. Specifically the authors theorize that younger, less functionally experienced CEOs and CEOs without business degrees will be more likely to rationalize accounting fraud as an acceptable decision. Based on a sample of 312 fraud-committing and control firms, the study finds support for the authors’ predictions. It also finds that CEO stock options (a form of executive equity incentive) also predict fraud, and that this relationship is not moderated by CEO demographics. The study thus extends upper echelon theory by demonstrating how key demographic variables influence CEO decisions to rationalize accounting fraud.