In conjunction with the Telfer Research Seminar Series
***M.Sc. Students, this event can count towards one of the six mandatory Research Seminars Series needed to attend (MGT 6191/ MGT 6991 / MHS 6991).***
Sarah McVay, PhD
We explore whether and how capital market pressure influences racial inequality in the workplace. Cost-cutting strategies to meet earnings benchmarks can increase the likelihood of job-related injuries and wage theft. We expect and find that non-white employees, who tend to have lower bargaining power in the workplace, have a higher likelihood of facing job-related injuries and wage theft when companies are under pressure to achieve earnings benchmarks. These results are stronger when the bargaining power of non-white employees is particularly low: in locations with high unemployment, high racial resentment, and without union protection. Our evidence on how capital market pressures can disproportionately harm non-white workers should help to inform boards of directors as they design compensation packages and set performance goals, managers as they strategize how to meet earnings benchmarks, and investors pursuing socially responsible investment portfolios.
About the Speaker
Sarah McVay is the William A. Fowler Professor of Accounting at the University of Washington. Her research focuses on earnings quality including transitory items, non-GAAP earnings, and the net benefits of internal controls. She is the Vice President of Research and Publications on the Board of Directors of the American Accounting Association. She is has previously served as an Editor for Contemporary Accounting Research and Journal of Financial Reporting and serves on multiple editorial boards. She received her Ph.D. from the University of Michigan and has also taught at New York University and the University of Utah. Prior to earning her Ph.D., Sarah worked in public accounting and is a CPA; she teaches financial accounting and financial statement analysis.
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