The evolution of the French CFOs' role since the introduction of the financial market logic

• Main Authors: REDON Marie, YOSHIKAWA, Toru, BERLAND Nicolas
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Institutional pluralism; evolution of profession; financial market logic; CFOs; qualitative study; Finance and Financial Management; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6792; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7791/viewcontent/TheevolutionofFrenchtheCFOs.pdf
• Institution: Singapore Management University

This paper highlights the changes of the Chief Financial Officers (CFOs) role since the introduction of the financial market logic in France. Through an analysis of thirty-seven interviews with CFOs and observations during events organized by the professional association of CFOs, we show that the CFOs’ role evolved in different pathways depending on the relationships between logics. We contribute to the literature that studies professions from an institutional perspective by responding to the question of whether professionals change their role when the logic to which they adhere and from which they derive their role is being challenged, or whether institutional changes are fostered by replacement of actors. We showed that both mechanisms come into play and are sustained by a third one: the actors who made the conscious choice of leaving their job.