Rachel Hayes

George & Dolores Eccles Presidential Chair in Financial Reporting Associate Dean, Faculty & Research

Dean's Office, School of Accounting

Faculty, Staff, Tenure Track

Dr. Rachel M. Hayes is the chair of the School of Accounting and George & Dolores Eccles Presidential Chair at the David Eccles School of Business. She earned her undergraduate degree from Oberlin College and her MBA from the University of Colorado. After receiving her Ph.D. at the Stanford University Graduate School of Business, she taught at Northwestern University and the University of Chicago before moving to the University of Utah.

Dr. Hayes’s research interests include disclosure and the use of accounting information in compensation and other governance settings. Her research has been published in a number of scholarly journals, including the Journal of Accounting Research, the Journal of Accounting and Economics, and the Rand Journal of Economics.

Dr. Hayes serves on the editorial boards of the Journal of Accounting Research and Journal of Accounting and Economics, and was formerly an editor at The Accounting Review. She has taught financial accounting electives at the undergraduate and masters levels, as well as a Ph.D.-level seminar in information economics.

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Areas of Expertise
Accounting

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Education

Ph.D., Stanford University Graduate School of Business

MBA, University of Colorado

BS, Oberlin College

Research Summary

Dr. Hayes researches executive compensation and corporate disclosure.

Teaching Experience

ACCTG 7130 – Information Econ Seminar
ACCTG 5120 – Financial Accounting II
ACCTG 6610 – Financial Reporting

Publications

Woo-Jin Chang, Rachel M. Hayes & Stephen A. Hillegeist (2016). Financial Distress Risk and New CEO Compensation. Management Science. Discipline based – refereed, Published, 02/2016.

Marlene Plumlee, Darrell Brown, Rachel M. Hayes & R. Scott Marshall (2015). Voluntary Environmental Disclosure Quality and Firm Value: Further Evidence. Journal of Accounting and Public Policy. Discipline based – refereed, Published, 07/2015.

Rachel M. Hayes (2014). Discussion of “Audit Committee Financial Expertise and Earnings Management: The Role of Status” by Badolato, Donelson, and Ege (2014). Journal of Accounting and Economics. Vol. 58. Discipline based – other, Published, 12/2014.

Rachel M. Hayes & Michael Lemmon and Mingming Qiu (2012). Stock options and managerial incentives for risk taking: Evidence from FAS 123R . Journal of Financial Economics. Discipline based – refereed, Published, 07/2012.

Hayes, R., & Ellen Engel and Xue Wang. (2010). Audit Committee Compensation and the Demand for Monitoring of the Financial Reporting Process. Journal of Accounting and Economics. Discipline based – refereed, Published, 02/2010.

Hayes, R., & Scott Schaefer. (2009). CEO Pay and the Lake Wobegon Effect. Journal of Financial Economics. Discipline based – refereed, Published, 11/2009.

Hayes, R.(2009). Discussion of `Unintended Consequences of Granting Small Firms Exemptions from Securities Regulation: Evidence from the Sarbanes-Oxley Act,’ (by Gao, Wu, and Zimmerman). Journal of Accounting Research. Discipline based – other, Published, 05/2009.

Hayes, R., & Ellen Engel and Xue Wang. (2007). The Sarbanes-Oxley Act and Firms’ Going-Private Decisions. Journal of Accounting and Economics. Discipline based – refereed, Published, 09/2007.

Hayes, R., & Paul Oyer and Scott Schaefer. (2006). Co-Worker Complementarity and the Stability of Top Management Teams. Journal of Law, Economics, and Organizations. Discipline based – refereed, Published, 09/2006.

Hayes, R., & Scott Schaefer. (2005). Bonuses and Non-Public Information in Publicly Traded Firms. Review of Accounting Studies. 10, 431-464. Discipline based – refereed, Published, 2005.

Hayes, R.(2004). Discussion of “Underwater Options and the Dynamics of Executive Pay-to-Performance Sensitivities”. (pp. 413-421). Journal of Accounting Research. Discipline based – other, Published, 2004.

Hayes, R., & Ellen Engel and Xue Wang. (2003). CEO Turnover and Properties of Accounting Information. Journal of Accounting and Economics. 36, 197-226. Discipline based – refereed, Published, 2003.

Hayes, R., & Ellen Engel and Elizabeth A. Gordon. (2002). The Roles of Performance Measures and Monitoring in Annual Governance Decisions in Entrepreneurial Firms. Journal of Accounting Research. 40, 485-518. Discipline based – refereed, Published, 2002.