Location
Level 0, Open Space, Owen G. Glenn Building
Start Date
12-15-2014
Description
This study investigates the association between regulatory reporting change and Chief Information Officer (CIO) pay. Mandatory reporting standards change such as International Financial Reporting Standards (IFRS) calls for the increased information systems demand in order to provide satisfactory reporting quality. Anecdote evidence suggests that CIOs, who are responsible for managing information technology (IT) resources, should involve more in the conversion project to make sure the IT capital is well structured for meeting the new reporting requirements. The results show a significant increase in CIO pay in the post adoption period. Such pay increase varies from industries which have different levels of IT investments. Specifically, compared to IT firms, non-IT firms increase more CIO pay in the post adoption period. The results of this study shed lights on the implications for the role of CIO affected regarding to the relevant technological changes in the context of regulatory reporting reform.
Recommended Citation
Hsu, Hsiao-Tang; Ji, Amy; and Liu, Fang-Chun, "Do Companies Pay CIOs More After the Adoption of International Financial Accounting Standards?" (2014). ICIS 2014 Proceedings. 5.
https://aisel.aisnet.org/icis2014/proceedings/ISGovernance/5
Do Companies Pay CIOs More After the Adoption of International Financial Accounting Standards?
Level 0, Open Space, Owen G. Glenn Building
This study investigates the association between regulatory reporting change and Chief Information Officer (CIO) pay. Mandatory reporting standards change such as International Financial Reporting Standards (IFRS) calls for the increased information systems demand in order to provide satisfactory reporting quality. Anecdote evidence suggests that CIOs, who are responsible for managing information technology (IT) resources, should involve more in the conversion project to make sure the IT capital is well structured for meeting the new reporting requirements. The results show a significant increase in CIO pay in the post adoption period. Such pay increase varies from industries which have different levels of IT investments. Specifically, compared to IT firms, non-IT firms increase more CIO pay in the post adoption period. The results of this study shed lights on the implications for the role of CIO affected regarding to the relevant technological changes in the context of regulatory reporting reform.