Empirical analysis of the incidence of accidents in the workplace on firms' financial performance

Josep M. Argilés-Bosch; Jordi Martí; Teresa Monllau; Josep Garcia-Blandón; Teresa Urgell

doi:10.1016/j.ssci.2014.05.012

Empirical analysis of the incidence of accidents in the workplace on firms' financial performance

Josep M. Argilés-Bosch, Jordi Martí, Teresa Monllau, Josep Garcia-Blandón, Teresa Urgell

IQS School of Management

Producció científica: Article en revista indexada › Article › Avaluat per experts

27 Cites (Scopus)

Resum

This paper performs an empirical analysis on the incidence of labor accidents on firm financial performance. With data on financial statements and labor accidents of 299 Spanish firms for 6 different years we perform panel data estimations and find a negative influence of accident rate on return on assets, as well as on abnormal return on assets. The incidence of accident rate is not shown up immediately in the profit and loss statements. It is mainly realized in the future. We find a significant negative influence in one year ahead financial performance. This finding suggests that labor accidents are disruptors of business operations, affecting mostly to value-added activities related with long term coordination and planning. Results are robust across different estimations methods and with estimations with different control variables.

Idioma original	Anglès
Pàgines (de-a)	123-132
Nombre de pàgines	10
Revista	Safety Science
Volum	70
DOIs	https://doi.org/10.1016/j.ssci.2014.05.012
Estat de la publicació	Publicada - de des. 2014

SDG de les Nacions Unides

Aquest resultat contribueix als següents objectius de desenvolupament sostenible.

Accés al document

10.1016/j.ssci.2014.05.012

Altres arxius i enllaços

Link to publication in Scopus

Com citar-ho

@article{29882d87a2764fb5b4400503d97c0323,

title = "Empirical analysis of the incidence of accidents in the workplace on firms' financial performance",

abstract = "This paper performs an empirical analysis on the incidence of labor accidents on firm financial performance. With data on financial statements and labor accidents of 299 Spanish firms for 6 different years we perform panel data estimations and find a negative influence of accident rate on return on assets, as well as on abnormal return on assets. The incidence of accident rate is not shown up immediately in the profit and loss statements. It is mainly realized in the future. We find a significant negative influence in one year ahead financial performance. This finding suggests that labor accidents are disruptors of business operations, affecting mostly to value-added activities related with long term coordination and planning. Results are robust across different estimations methods and with estimations with different control variables.",

keywords = "Firm financial performance, Labor accidents, Occupational accidents, Return on assets, Work injuries",

author = "Argil{\'e}s-Bosch, {Josep M.} and Jordi Mart{\'i} and Teresa Monllau and Josep Garcia-Bland{\'o}n and Teresa Urgell",

note = "Funding Information: The authors acknowledge the help received from the Catalan Departament de Treball de la Generalitat de Catalunya , suppliers of the data that made this research possible, and funding from the Universitat de Barcelona . ",

year = "2014",

month = dec,

doi = "10.1016/j.ssci.2014.05.012",

language = "English",

volume = "70",

pages = "123--132",

journal = "Safety Science",

issn = "0925-7535",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - Empirical analysis of the incidence of accidents in the workplace on firms' financial performance

AU - Argilés-Bosch, Josep M.

AU - Martí, Jordi

AU - Monllau, Teresa

AU - Garcia-Blandón, Josep

AU - Urgell, Teresa

N1 - Funding Information: The authors acknowledge the help received from the Catalan Departament de Treball de la Generalitat de Catalunya , suppliers of the data that made this research possible, and funding from the Universitat de Barcelona .

PY - 2014/12

Y1 - 2014/12

N2 - This paper performs an empirical analysis on the incidence of labor accidents on firm financial performance. With data on financial statements and labor accidents of 299 Spanish firms for 6 different years we perform panel data estimations and find a negative influence of accident rate on return on assets, as well as on abnormal return on assets. The incidence of accident rate is not shown up immediately in the profit and loss statements. It is mainly realized in the future. We find a significant negative influence in one year ahead financial performance. This finding suggests that labor accidents are disruptors of business operations, affecting mostly to value-added activities related with long term coordination and planning. Results are robust across different estimations methods and with estimations with different control variables.

AB - This paper performs an empirical analysis on the incidence of labor accidents on firm financial performance. With data on financial statements and labor accidents of 299 Spanish firms for 6 different years we perform panel data estimations and find a negative influence of accident rate on return on assets, as well as on abnormal return on assets. The incidence of accident rate is not shown up immediately in the profit and loss statements. It is mainly realized in the future. We find a significant negative influence in one year ahead financial performance. This finding suggests that labor accidents are disruptors of business operations, affecting mostly to value-added activities related with long term coordination and planning. Results are robust across different estimations methods and with estimations with different control variables.

KW - Firm financial performance

KW - Labor accidents

KW - Occupational accidents

KW - Return on assets

KW - Work injuries

UR - http://www.scopus.com/inward/record.url?scp=84902345469&partnerID=8YFLogxK

U2 - 10.1016/j.ssci.2014.05.012

DO - 10.1016/j.ssci.2014.05.012

M3 - Article

AN - SCOPUS:84902345469

SN - 0925-7535

VL - 70

SP - 123

EP - 132

JO - Safety Science

JF - Safety Science

ER -

Empirical analysis of the incidence of accidents in the workplace on firms' financial performance

Resum

SDG de les Nacions Unides

Accés al document

Altres arxius i enllaços

Fingerprint

Com citar-ho