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UID:20250622T233707EDT-7179cfFbzb@132.216.98.100
DTSTAMP:20250623T033707Z
DESCRIPTION:Vishal Baloria\n\nAssociate Professor\, Accounting\n	University 
 of Connecticut \n\nAre Two Chiefs Better Than One? Financial Executives an
 d Layoffs\n\nDate: Thursday\, September 19\, 2024\n	Time: 5:00 PM – 6:30 pm
 \n	Location: Bronfman building\, Room 410\n\n\nAbstract\n\nWe examine the r
 eal effects of firms delegating financial accounting duties to a Chief Acc
 ounting Officer (CAO)\, thereby allowing the Chief Financial Officer (CFO)
  to allocate attention to operational duties. We find CAO usage is associa
 ted with a significant reduction in the likelihood of a layoff. This negat
 ive association is stronger among firms reporting an accounting loss\, whi
 ch serves as a powerful trigger to divest employees\, and firms with longe
 r Chief Executive Officer (CEO) tenure\, who develop prosocial preferences
  for employees over time. To address non-random usage of CAOs among firms\
 , we exploit state-level adoption of CPA mobility provisions that increase
  the labor supply of CAOs and document lower layoffs after the passage of 
 CPA mobility provisions in a firm's headquarter state. The collective evid
 ence suggests that placing distance between CFOs and financial accounting\
 , through use of a CAO\, can discourage layoffs\, in line with the hypothe
 sis that managerial attention on financial accounting rules that treat emp
 loyee costs as expenses and liabilities drive firm layoff decisions.\n
DTSTART:20240919T210000Z
DTEND:20240919T223000Z
LOCATION:Room 410\, Bronfman Building\, CA\, QC\, Montreal\, H3A 1G5\, 1001
  rue Sherbrooke Ouest
SUMMARY:Accounting Area Presents Ernst & Young Speaker Series: Vishal Balor
 ia
URL:/desautels/channels/event/accounting-area-presents
 -ernst-young-speaker-series-vishal-baloria-358530
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