Occupational health and safety management system and stock price crash risk
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F24%3A50021406" target="_blank" >RIV/62690094:18450/24:50021406 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S1057521924000735?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1057521924000735?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.irfa.2024.103141" target="_blank" >10.1016/j.irfa.2024.103141</a>
Alternative languages
Result language
angličtina
Original language name
Occupational health and safety management system and stock price crash risk
Original language description
This study responds to the call of Ben-Nasr and Ghouma (2018) by providing more empirical evidence on stock price crash risk from the employee treatment perspective. With a focus on occupational health and safety management system (OHSMS), we examine whether corporate OHSMS adoption reduces stock price crash risk. We find that OHSMS adoption is negatively associated with crash risk. This negative relationship is more pronounced for SOEs than for non-SOEs, and for firms with higher levels of media coverage and with higher market competitive status. Employee welfare and internal control effectiveness are two channels through which OHSMS adoption affects crash risk. The current study extends to the health and safety factor, thus shedding new light on the determinants of crash risk. Our study also advances the understanding of the “responsible employee treatment – crash risk” relationship. © 2024 Elsevier Inc.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Review of Financial Analysis
ISSN
1057-5219
e-ISSN
1873-8079
Volume of the periodical
93
Issue of the periodical within the volume
May
Country of publishing house
US - UNITED STATES
Number of pages
12
Pages from-to
"Article number: 103141"
UT code for WoS article
001218320300001
EID of the result in the Scopus database
2-s2.0-85186991441