Labour accidents and financial performance: empirical analysis of the type of relationship in the Spanish context.
This study performs empirical research and finds a negative relationship between accidents in the workplace and financial performance. The relationship is stronger and more persistent for performance 1 year ahead than for the current year.
The researchers find no significant evidence of curvilinear U-shaped or inverted U-shaped relationships. Results are strong across different industries and samples, variable definitions and model specifications. The study contributes to the scarce extant research with reliable data and samples of a wide span of industries.
The research also contributes methodologically with refined analyses of the curvilinear relationship and providing robust widespread inference for a large number of industries.
This article was published in International Journal of Occupational Safety and Ergonomics.
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