Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)

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How Chief Financial Officer’s Social Networks Reduce Corporate Misconduct: Evidence from China

Authors
Xuemei Qiu1, *
1School of Economics & Management, Nanchang University, 999 Xuefu Avenue, Honggu Tan District, Nanchang City, Jiangxi Province, 330031, P.R. China
*Corresponding author. Email: qiuxuemei@ncu.edu.cn
Corresponding Author
Xuemei Qiu
Available Online 15 October 2024.
DOI
10.2991/978-94-6463-542-3_76How to use a DOI?
Keywords
Firm misconducts; CFO; Interlocking network; Network centrality
Abstract

Based on the data of Chinese A-share listed firms from 2007 to 2022, this paper exhaustively analyzes the impact of the CFO social network on firm misconduct and its internal mechanism. The empirical results show that the role of CFOs is very significant, and the higher their centrality, the fewer firm misconducts. Several tests, such as PSM regression have rigorously verified this observation. Further mediation tests find that CFO social networks have information and resource paths that strongly curb firm misconduct. The research results of this paper not only enrich the theory of social networks and corporate misconduct but also provide a new perspective for the supervision of the capital market. The firm should pay attention to the construction of the CFO’s social network, strengthen its central position, and play its effect in preventing the occurrence of corporate violations.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
15 October 2024
ISBN
978-94-6463-542-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-542-3_76How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xuemei Qiu
PY  - 2024
DA  - 2024/10/15
TI  - How Chief Financial Officer’s Social Networks Reduce Corporate Misconduct: Evidence from China
BT  - Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)
PB  - Atlantis Press
SP  - 661
EP  - 669
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-542-3_76
DO  - 10.2991/978-94-6463-542-3_76
ID  - Qiu2024
ER  -