CIO Turnover and Subsequent Remediation of Information Technology Material Weaknesses

Authors

Wanyun Li, Australian National UniversityFollow
Dixin Wu, Australian National UniversityFollow
Soon-Yeow Phang, Monash UniversityFollow
Ka Wai Choi, Australian National UniversityFollow

Abstract

Extending the line of prior research on information technology material weaknesses (ITMWs) in internal controls, our study examines whether chief information officer (CIO) turnover is affected by the disclosure of ITMW and whether CIO turnover will affect subsequent remediation of ITMW. We find that ITMW disclosure exerts a negative influence on CIO turnover, which adds to prior findings on the effects of ICMW disclosure leading to chief executive officer (CEO) turnover and chief financial officer (CFO) turnover. Further, we find that CIO turnover exerts a positive influence on subsequent ITMW remediation. It indicates that CIO dismissals and replacements do promote the success of subsequent ITMW remediation.

Recommended Citation

Li, Wanyun; Wu, Dixin; Phang, Soon-Yeow; and Choi, Ka Wai, "CIO Turnover and Subsequent Remediation of Information Technology Material Weaknesses" (2019). PACIS 2019 Proceedings. 47.
https://aisel.aisnet.org/pacis2019/47