Does accident rate affect the companies economic performance?

• Barbara Estudillo ^[1] ; Francisco J. Forteza ^[1] ; José María Carretero Gómez ^[1]
  1. [1] Universitat de les Illes Balears

     Universitat de les Illes Balears

     Palma de Mallorca, España

     
• Localización: ORPjournal, ISSN-e 2385-3832, Nº. Extra 1, 2023 (Ejemplar dedicado a: Proceedings XXIII International Congress on Occupational Risk Prevention), pág. 26
• Idioma: español
• Enlaces
  • Texto Completo Ejemplar
• Resumen

  • Occupational accidents directly affect the human resources of a company and its productivity, but little is known about their effect on the companies’ economic performance. Previous studies focused on the relationship between accidents and the firm’s economic performance found mixed evidence. In this study, we have built panel data from 2010 to 2017, with accidents and economic variables, from 1283 construction companies. Our hypothesis is that accidents negatively affect the firm’s economic performance. The results show that profitability increases while accidents also rise. We conducted regression analyses for panel data using random effect estimators. Finally, we discuss some explanations for this controversial result, and we present some concerns to be considered to improve this situation. Our study contributes to the literature by shedding more light on this complex relationship with an empirical analysis using field data at the company level.