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The purpose of this paper is to investigate factors affecting budget implementation among local governments in Indonesia, where rules are relatively strict and risks of facing corruption charges are high.

This study employs regression analyses using a sample of 1,151 local government-years.

This study finds that the level of budget implementation is affected by the leadership factors (i.e. mayors’ term, tenure and age) and the proportion of capital expenditures. The level of budget implementation is relatively lower when the mayor is in the second term, is in the early years of the five-year tenure and is over 60 years old. Higher proportion of capital expenditures also reduces the level of budget implementation.

This study contributes to the literature by presenting empirical evidence as to what factors explain the variations in the level of budget implementation among local governments especially under strict rules and a risky environment.

The purpose of this paper is to explore the association between a chief finance officer's (CFO's) financial expertise and corporate social responsibility (CSR).

The paper's sample consists of firms from the 2005 S&P 500 Index. Data on CSR come from Kinder, Lydenberg, and Domini (KLD), Inc. Data on CFO financial expertise were had collected. Consistent with prior research, experience (tenure), education (masters of business administration degree), and professional experience (certified public accountant designation) are used to measure the CFO's financial expertise.

Using a sample of S&P 500 firms from 2005, it is found that CFO experience (measured by tenure) is positively related to CSR at a significant level. In addition, the results indicate that CSR activities are not related to the CFO's education (measured as a Master's of Business Administration degree) or accounting expertise (measured as certified public accountant designation). The findings suggest that CFOs with more experience engage in more CSR activities than CFOs with less experience.

This study is valuable for several reasons: First, the study contributes to both the CSR literature and the CFO financial expertise literature by delivering new evidence on the link between CFO financial expertise and corporate social responsibility. Second, the study provides useful information to boards of directors, corporations and investors on certain CFO characteristics associated with effective CSR. Third, the study provides empirical evidence to support the suggested shift in the CFO's role from accountant to co‐driver of a firm's long‐term strategy.