【报告主题】Internal Control Process and Employee Satisfaction
【主讲嘉宾】谢远，中国人民大学应用经济学助理教授
【报告时间】2023年6月7日 8:30
【参与方式】线上（会议ID和密码另行通知）
【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.