Activities per year
Abstract
In this paper, we investigate the link between corporate culture and workplace safety. Using a machine learning based measure of corporate culture and data on employee- and safety-related violations, we find that firms with stronger corporate culture are less likely to be penalized, incur lower regulatory fines, and have a reduced number of violations. As a potential channel, we document higher safety expenditures with stronger corporate culture. When we examine establishment-level data on actual injuries and illnesses, we find that firms with stronger corporate culture have significantly lower injury and illness rates. While shareholders have previously been found to benefit from a stronger corporate culture, we contribute with both research and practical implications on the positive effects of a strong corporate culture for employees and society at large.
Original language | English |
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Peer-reviewed scientific journal | Review of Quantitative Finance and Accounting |
Volume | 63 |
Issue number | 2 |
Pages (from-to) | 519-550 |
Number of pages | 32 |
ISSN | 0924-865X |
DOIs | |
Publication status | Published - 02.04.2024 |
MoE publication type | A1 Journal article - refereed |
Keywords
- 512 Business and Management
- employee well-being
- corporate culture
- workplace injuries
- workplace safety
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Dive into the research topics of 'Nothing to fear: Strong corporate culture and workplace safety'. Together they form a unique fingerprint.Activities
- 2 Organisation of / participation in conferences, workshops, courses, seminars
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2022 Annual Meeting of the Academy of Management
Sundvik, D. (Speaker: Presenter)
05.08.2022 → 09.08.2022Activity: Participating in or organising an event › Organisation of / participation in conferences, workshops, courses, seminars
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44th Annual Congress of the European Accounting Association
Sundvik, D. (Speaker: Presenter)
11.05.2022 → 13.05.2022Activity: Participating in or organising an event › Organisation of / participation in conferences, workshops, courses, seminars