CEO auditor background and cost of debt: an empirical study DOI
Sri Ningsih, Fiona Vista Putri, Yani Permatasari

et al.

Pacific Accounting Review, Journal Year: 2025, Volume and Issue: unknown

Published: April 10, 2025

Purpose This study aims to examine the relationship between an ex-auditor CEO and cost of debt (COD) company. Design/methodology/approach analyses 1,659 data samples public companies listed on Indonesia Stock Exchange from 2010 2019, using ordinary least squares (OLS) analysis derive its main findings. Findings The results indicate that has a negative with COD. finding remains robust when applying coarsened exact matching (CEM) Heckman’s two-stage regression methods. Additional reveals CEOs Big Four Ten accounting firms significantly reduce Furthermore, authors observe female tends incur higher COD compared her male counterpart. Practical implications research offers practical recommendations for selecting based their backgrounds. findings can influence corporate strategy, especially regarding capital structure, as profiles play vital role in shaping financial decisions boosting lender confidence. Originality/value groundbreaking decisively examines connection COD, delivering critical insights enhance our understanding governance practices.

Language: Английский

How does FinTech influence enterprises’ digital transformation? —A perspective based on executive backgrounds DOI
Yanbo Rong, Jinyan Hu

Applied Economics, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 14

Published: Jan. 3, 2025

The rapid evolution of FinTech serves as a critical catalyst for enterprises' digital transformation by providing essential financial support. Executives, strategic decision-makers, significantly shape responses to technological advances. However, the role executive backgrounds in influencing relationship between and remains unclear. This study constructs city-level index using web-scraped data from 'Tianyancha' platform analysing FinTech-related keywords calculating density enterprises each city. Text mining techniques extract transformation-related enterprise annual reports create comprehensive indicator transformation. Using fixed-effects model on panel dataset 2923 listed Chinese manufacturing (2010–2022), finds that (1) promotes transformation; (2) executives with academic or R&D enhance this positive effect; (3) FinTech's impact is stronger northern regions, non-state-owned enterprises, high-tech pilot cities. research enriches understanding heterogeneity leveraging offers valuable implications practices policymaking.

Language: Английский

Citations

0
Does employing academic executives enhance R&D cost stickiness? Evidence from Chinese listed companies DOI
Li Liu, Wenxiu Hu,

Fangyun Wang

et al.

Economic Modelling, Journal Year: 2025, Volume and Issue: unknown, P. 107008 - 107008

Published: Jan. 1, 2025

Language: Английский

Citations

0
Common Ownership and Debt Default Risk DOI
Li Li, Erxia Tian, Wei Wu

et al.

Emerging Markets Finance and Trade, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 27

Published: Feb. 11, 2025

Language: Английский

Citations

0
CEO auditor background and cost of debt: an empirical study DOI
Sri Ningsih, Fiona Vista Putri, Yani Permatasari

et al.

Pacific Accounting Review, Journal Year: 2025, Volume and Issue: unknown

Published: April 10, 2025

Purpose This study aims to examine the relationship between an ex-auditor CEO and cost of debt (COD) company. Design/methodology/approach analyses 1,659 data samples public companies listed on Indonesia Stock Exchange from 2010 2019, using ordinary least squares (OLS) analysis derive its main findings. Findings The results indicate that has a negative with COD. finding remains robust when applying coarsened exact matching (CEM) Heckman’s two-stage regression methods. Additional reveals CEOs Big Four Ten accounting firms significantly reduce Furthermore, authors observe female tends incur higher COD compared her male counterpart. Practical implications research offers practical recommendations for selecting based their backgrounds. findings can influence corporate strategy, especially regarding capital structure, as profiles play vital role in shaping financial decisions boosting lender confidence. Originality/value groundbreaking decisively examines connection COD, delivering critical insights enhance our understanding governance practices.

Language: Английский

Citations

0