The proportion of CEOs with financial experience in listed companies is increasing year by year, and CEOs with financial backgrounds make financial decisions for companies different from those without financial background knowledge. Based on this, this article mainly studies the impact of CEO financial background on corporate financial decisions. Taking my country’s A-share listed companies from 2015 to 2019 as the research object, this paper explores the impact of CEOs with financial background knowledge on the company’s capital structure, fixed asset investment expenditures and cash dividend payment levels. The study found that CEOs with financial background knowledge would prefer a higher debt-to-asset ratio. If the company’s CEO has financial background knowledge, then the company’s fixed asset investment expenditures are less, and the company will prefer to issue lower cash dividends.
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