CEO age and financial reporting quality

Hua-Wei Huang, Ena Rose-Green, Chih Chen Lee

Research output: Contribution to journalArticlepeer-review

67 Citations (Scopus)

Abstract

SYNOPSIS: This study examines the association between chief executive officer (CEO) age and the financial reporting quality of firms. The financial reporting qualities examined are the meeting or beating of analyst earnings forecasts and financial restatements. Based on extant research, we hypothesize that older CEOs are associated with higherquality financial reporting. Using a sample of 3,413 firms for the period 2005 to 2008, we find a positive association between CEO age and financial reporting quality. Specifically, we find that CEO age is negatively associated with firms meeting or beating analyst earnings forecasts and financial restatements. Our study therefore extends the corporate governance and financial reporting quality literature by identifying CEO age as a determinant of financial reporting quality.

Original languageEnglish
Pages (from-to)725-740
Number of pages16
JournalAccounting Horizons
Volume26
Issue number4
DOIs
Publication statusPublished - 2012 Jan 1

All Science Journal Classification (ASJC) codes

  • Accounting

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