机构投资者与工作场所安全

IF 1.8 4区经济学 Q2 BUSINESS, FINANCE

International Review of Finance Pub Date : 2024-12-26 DOI:10.1111/irfi.12480

Chune Young Chung, Wonseok Choi, Huy Pham

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Institutional investors and workplace safety

This study examines how institutional investors influence workplace safety. Using data from the Occupational Safety and Health Administration, we find that firms with higher institutional ownership have significantly lower injury and illness rates, especially those with dedicated investors who are geographically proximate to their establishments and high union coverage levels. Our analysis indicates that such firms adopt employee-friendly corporate cultures and invest in organizational capital and workplace safety. Overall, this study offers novel and robust evidence of the monitoring role of institutional investors in shaping workplace safety outcomes.

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来源期刊

International Review of Finance BUSINESS, FINANCE-

CiteScore

3.30

自引率

5.90%

发文量

期刊介绍： The International Review of Finance (IRF) publishes high-quality research on all aspects of financial economics, including traditional areas such as asset pricing, corporate finance, market microstructure, financial intermediation and regulation, financial econometrics, financial engineering and risk management, as well as new areas such as markets and institutions of emerging market economies, especially those in the Asia-Pacific region. In addition, the Letters Section in IRF is a premium outlet of letter-length research in all fields of finance. The length of the articles in the Letters Section is limited to a maximum of eight journal pages.