Abstract
The role of Chief Financial Officers (CFOs) has evolved significantly in recent years. They are no longer restricting themselves to managing funding availability, capital structure and financial market risk. CFOs are increasingly involving themselves in all areas of company management including strategy selection and operation. While industrial companies have traditionally shown great reluctance to appoint CFOs as CEOs, this appears to have become a more regular occurrence in recent years. These developments are certainly reflective of increased capital market pressures to deliver satisfactory performance to shareholders and the fact that competition increasingly involves the liability side of the balance sheet as well.
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© 2011 Springer-Verlag Berlin Heidelberg
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Fabich, M., Firnkorn, L., Hommel, U., Schellenberg, E. (2011). The Strategic CFO: New Responsibilities and Increasing Job Complexity. In: Hommel, U., Fabich, M., Schellenberg, E., Firnkorn, L. (eds) The Strategic CFO. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04349-9_1
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DOI: https://doi.org/10.1007/978-3-642-04349-9_1
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-04348-2
Online ISBN: 978-3-642-04349-9
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