How Does The CFO Leave The Signal

Compare with the external investors, executives of listed companies own the company more real and effective information, they have a relatively more accurate understanding prospects for the company development strategy and the development of the industry. Finance director is the important person in the process of operation management of listed companies, financial supervision and management of the company, as well as company strategic plan formulation and implementation are closely related to the finance director, all kinds of information about the company is focused on the finance director, finance director has the most of information about company’s financial condition and prospects. In recent years, behind the wave of the executives of listed companies dimission, the investors have been passed the relevant information about the company’s performance, and special status in company executives, chief financial officer number’s departure is also on the rise year by year, the departure of chief financial officer phenomenon caused wide public concern.Thesis adopt the method of case study, combining the theory of signal transmission, with violet light of listed company of ancient han and sinovel for case study object, the two companies, chief financial officer turnover of the company’s operating performance before and after comparing analysis, combined with the CSRC to the two companies financial fraud fact disciplinary confirmed the CFO departure has information content. Chief financial officer, as a member of the operation and management of listed companies, have on the company’s operating performance, cash flow and development prospect of private information, internal information, and difficult to get the information of the company’s external investors. Therefore, from the function of finance director in part to outside investors to convey information about the company’s operating conditions, etc.