Do CFO Outside Directorships Benefit or Harm Home Firm Financial Reporting Quality?
研究了CFO在外部公司担任董事是否影响其母公司的财务报告质量，发现总体上没有负面影响，但仅在少数情况下有显著益处。
SYNOPSIS Demand for chief financial officer (CFO) service on corporate boards has grown substantially in recent years, leading to questions about how outside board appointments affect a CFO’s ability to fulfill their home firm responsibilities. In this paper, we focus on the CFO’s core responsibility of overseeing home firm financial reporting quality, and we explore the types of situations where outside board service may lead to either learning opportunities or pressure to shirk on home firm duties. Our results should interest investors, auditors, and board members considering the implications of CFO outside board service because, although we observe no negative impacts on home firm financial reporting quality arising from outside board service, we find only limited situations where significant benefits accrue. Data Availability: All data are publicly available from sources cited in text. JEL Classifications: G34; M40; M41.