Skip to content
  • CFOs with CPAs skimp in growth industries

    The Wall Street Journal - 04/21/2016

    The study looked at how the two kinds of CFOs performed in high-growth industries, such as  pharmaceuticals, electronics, and business services as well as low-growth industries, such as transportation, machinery and petroleum.

    The upshot was that companies with accounting CFOs tended to be more risk averse. CFOs with accounting backgrounds  in high-growth industries on average were associated with a 7.4% lower investment expenditure at their company and a 14.6% lower likelihood of financing. That might hurt growth.

    Professor Rani Hoitash of Bentley University, his younger brother Udi Hoitash, an associate professor of Northeastern University, and assistant professor Ahmet Kurt of Suffolk University, examined a sample size of about 1,800 CFOs, looking at how they performed between 2000 and 2010.

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.