【摘要】 文章以我国2012-2018年沪深A股1 646家上市公司为样本,采用熵值法和加权平均法计算CFO财务决策效能指数,实证检验了CFO财务决策效能对企业绩效的影响程度,并从是否兼任内部董事分组检验CFO财务决策效能对企业绩效影响。研究发现:CFO的财务决策效能越高越能显著提高企业绩效,并且其现实效能对企业绩效影响程度大于基础效能影响程度;兼任内部董事的CFO更能提升企业绩效;稳健性和内生性检验上述结论亦成立。更多还原

【Abstract】 Taking 1,646 Shanghai and Shenzhen A-share listed companies from 2012 to 2018 as research samples,the CFO financial decision-making effectiveness index has been calculated by applying the methods of entropy evaluation and weighted mean.The impact degree of CFO’s financial decision-making efficiency on corporate performance has been empirically examined,which has been tested with two groups according to whether or not CFO occupies internal director in groups.The results show that the stronger the CFO’s financial decision-making efficiency is,the more significantly the enterprise performance can be improved,and the actual efficiency has a greater impact on the enterprise performance than the potential efficiency;that a CFO simultaneously serving as an internal director can improve corporate performance more significantly;that the above-mentioned conclusions are also valid in the endogenous and robustness tests.更多还原