Finance Seminar with ​Janet Gao, McDonough School of Business, Georgetown University

On Friday, September 27, 2024, ​Janet Gao, McDonough School of Business, Georgetown University, will be giving a seminar on the paper: Access to Financing and Racial Pay Gap Inside Firms

Friday, September 27, 2024 - 11:00 to 12:15

The Department of Finance is proud to announce the upcoming seminar with Janet Gao, McDonough School of Business, Georgetown University.

Janet Gao will present: Access to Financing and Racial Pay Gap Inside Firms

Abstract:
We examine how access to financing affects the racial pay gap inside U.S. firms using data from the Census Bureau and worker resumes. Exploiting exogenous shocks to firms’ debt capacity, we find that better access to financing significantly narrows the earnings gap between minority and white workers, both in dollar amount and relative pay rank. The effect is stronger for mid- and high-skill workers and for firms with worse diversity practices ex ante. Following the shock, minority workers are more often promoted and reassigned to technology-oriented occupations. Taken together, access to finance makes firms better utilize minority workers’ human capital.

Location:
Solbjerg Plads 3
2000 Frederiksberg
Room: SPs03

The page was last edited by: Department of Finance // 09/25/2024