{"title":"社会信任与工作场所安全","authors":"Xuanyi Chen , Jiarui Tong","doi":"10.1016/j.frl.2025.107954","DOIUrl":null,"url":null,"abstract":"<div><div>This paper investigates the impact of social trust on workplace safety. Using the establishment-level data compiled by Occupational Safety and Health Administration (OSHA), we find a negative relation between social trust and workplace injury rates. Our results are robust to removing the influence of regional factors, employing an entropy-balanced sample, and adopting various model specifications and alternative measures of social trust. Further analysis reveals that the documented effect is more pronounced in establishments owned by firms with weaker corporate governance systems, firms in industries with lower union representation, and firms subject to less regulatory scrutiny. Overall, our findings suggest that social trust can serve as an informal governance mechanism for protecting human capital.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"85 ","pages":"Article 107954"},"PeriodicalIF":7.4000,"publicationDate":"2025-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Social trust and workplace safety\",\"authors\":\"Xuanyi Chen , Jiarui Tong\",\"doi\":\"10.1016/j.frl.2025.107954\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper investigates the impact of social trust on workplace safety. Using the establishment-level data compiled by Occupational Safety and Health Administration (OSHA), we find a negative relation between social trust and workplace injury rates. Our results are robust to removing the influence of regional factors, employing an entropy-balanced sample, and adopting various model specifications and alternative measures of social trust. Further analysis reveals that the documented effect is more pronounced in establishments owned by firms with weaker corporate governance systems, firms in industries with lower union representation, and firms subject to less regulatory scrutiny. Overall, our findings suggest that social trust can serve as an informal governance mechanism for protecting human capital.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"85 \",\"pages\":\"Article 107954\"},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2025-07-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325012127\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325012127","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
This paper investigates the impact of social trust on workplace safety. Using the establishment-level data compiled by Occupational Safety and Health Administration (OSHA), we find a negative relation between social trust and workplace injury rates. Our results are robust to removing the influence of regional factors, employing an entropy-balanced sample, and adopting various model specifications and alternative measures of social trust. Further analysis reveals that the documented effect is more pronounced in establishments owned by firms with weaker corporate governance systems, firms in industries with lower union representation, and firms subject to less regulatory scrutiny. Overall, our findings suggest that social trust can serve as an informal governance mechanism for protecting human capital.
期刊介绍:
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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