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Article
The Role of Education and Experience in CFO Career and Compensation
Journal of Accounting and Finance (2011)
  • Candra S. Chahyadi, Eastern Illinois University
  • Bahaa Abusalim, Eastern Illinois University
Abstract
We examine the educational and experience backgrounds of chief financial officers (CFOs) of large and medium firms and investigate how measures of education and experience affect CFO career and compensation. We find that, compared to medium firms, large firms have more CFOs with MBA degrees and fewer CFOs with M.Acc degrees or who are also CPAs, suggesting that large firms prefer CFOs with more general knowledge than CFOs with a specific knowledge. We also find that firm size and CFO’s tenure at their current company consistently dominate measures of education and experience in determining CFO compensation.
Disciplines
Publication Date
2011
Citation Information
Candra S. Chahyadi and Bahaa Abusalim. "The Role of Education and Experience in CFO Career and Compensation" Journal of Accounting and Finance Vol. 11 Iss. 3 (2011)
Available at: http://works.bepress.com/candra_chahyadi/3/