【讲座时间】2023年6月7日  8:30 

【参与方式】线上

【讲座主题】Internal Control Process and Employee Satisfaction

【嘉宾介绍】谢远，福特汉姆大学会计学教授

Yuan Xie is a Professor of Accounting at Gabelli School of Business, Fordham University. Prof. Xie's recent research focuses on voluntary disclosure, behavioral finance and ESG. His work has been published or accepted at Journal of Financial Economics, The Accounting Review, and  Review of Accounting Studies. Prof. Xie serves as a referee for The Accounting Review and Contemporary Accounting Research. His research has been covered by Dow Jones Financial News and Harvard Law School Forum on Corporate Governance and Financial Regulation, as well as cited by SEC Chairman, SEC Chief Accountant and PCAOB Chairman. Prof. Xie is an editorial board member at Journal of Accounting, Auditing and Finance.

【内容提要】

This paper investigates whether employees care about their employer’s internal control process. We find that those who currently work for firms with internal control deficiencies experience less job satisfaction. Specifically, this effect is stronger among workers who are more sensitive to internal control issues. We also show that employees are more likely to be dissatisfied when internal control deficiencies are related to personnel matters. Our results are more pronounced in labor-intensive firms and among workers with low workplace power. Further, we provide empirical evidence of a positive association between internal control deficiencies and higher employee turnover. Our inference remains robust to a battery of sensitivity analyses to address correlated omitted variables and reverse causality concerns. In sum, these results suggest that employees believe deficiencies in the internal control process worsen their welfare.