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Today (Singapore): Are accountants and CFOs killing onnovation?


Innovation is important in today’s business, but it is difficult to nurture the creativity necessary for innovation. Chief financial officers usually have a large role in driving innovation. Research paper titled “Does accounting conservatism impede corporate innovation”, found that companies with a greater degree of accounting conservatism are less innovative. The research was co-authored by Xin Chang, University Senior Lecturer in Finance at Cambridge Judge Business School.