Occupational health and safety management system and stock price crash risk
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Occupational health and safety management system and stock price crash risk
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Occupational health and safety management system and stock price crash risk
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50206 - Finance
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2024
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
International Review of Financial Analysis
ISSN
1057-5219
e-ISSN
1873-8079
Svazek periodika
93
Číslo periodika v rámci svazku
May
Stát vydavatele periodika
US - Spojené státy americké
Počet stran výsledku
12
Strana od-do
"Article number: 103141"
Kód UT WoS článku
001218320300001
EID výsledku v databázi Scopus
2-s2.0-85186991441