Footnote:
In: Journal of International Business & Economics, Vol. 13, No. 2, pp. 83-92, 2013
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2013 erstellt
Description:
Research on the Chief Financial Officer's (CFO) role has increased in the last few years, but has so far mainly focused on large firms and neglected the CFO's role in smaller firms. Therefore, in this paper, we study whether the CFO's role in medium-sized firms differs from the CFO's role in large firms. Using a sample of 378 German firms, we investigate the effect of firm size on CFO characteristics, CFO responsibilities and the CFO's participation in strategic planning. Our findings show that CFOs in medium-sized firms have less often obtained a university degree and less often take responsibility for various finance and accounting functions compared to large firms. We do not find a differing level of CFO participation in strategic planning in dependence of firm size, but we find that after the CEO, the CFO obtains a “number two” position in strategic planning regardless of firm size