【讲座时间】2024年3月12日 14:00
【讲座地点】会计学院108室
【讲座主题】Does Pay Transparency Among Employees Affect Product Recalls?
【嘉宾介绍】杨馨，中央财经大学会计学院助理教授
博士毕业于香港理工大学会计与金融学院。主要研究领域为信息披露、财务会计等。学术成果曾发表于Journal of Accounting Research、Journal of Corporate Finance。已有论文被Management Science接收。
【内容提要】
The push for pay transparency as a mechanism to promote fairness in employee compensation has recently gained momentum. In this study, we exploit the state-level staggered adoption of pay transparency laws to study how pay transparency affects firms’ product recalls. We find an increase in product recalls for firms headquartered in states adopting pay transparency laws,suggesting that pay transparency may result in reduced workforce quality and increased worker unhappiness and disharmony. Further supporting this theory is evidence that the increase in recalls is more pronounced for more labor-intensive firms, firms facing increased risk of losing key employees, and firms with greater risk of unhappiness among employees after pay transparency laws. Additional analysis reveals that pay transparency increases not only the likelihood but also the severity of product recalls. Last, we document that when pay transparency negatively impacts firms’ product quality, the firms’ future performance also suffers.
TOP