CFO gaps: Determinants and impact on the corporate information environment

• Main Authors: CHEN, Xia, LI, Na, LIN, An-ping
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: CFO gaps; CFO turnovers; information environment; Accounting; Corporate Finance; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/soa_research/1948; https://ink.library.smu.edu.sg/context/soa_research/article/2975/viewcontent/CFO_Gaps_sv.pdf
• Institution: Singapore Management University

A CFO gap arises when the CFO position is left vacant for a period between the departure of the old CFO and the appointment of a new CFO. We find that CFO gaps are fairly common; over the sample period 2004–2016, approximately one-third of CFO turnovers are associated with a CFO gap, lasting on aver...