دانلود رایگان مقاله انگلیسی رویدادهای ایمنی محل کار و عملکرد شرکت - امرالد 2017

Abstract

Purpose – The purpose of this paper is to address a deficiency in the literature by exploring the impact of negative workplace safety announcements on firm performance. The authors analyze the issue from a corporate social responsibility perspective and explore ways supply chain managers can contribute to improve firm performance through the development of safe working environments. Design/methodology/approach – Utilizing a sample of 227 negative workplace safety announcements, this paper explores the implications of negative workplace safety announcements on the stock price of a firm using event study methodology. Findings – The authors find that negative workplace announcements are associated with an abnormal decrease in shareholder value. Furthermore, the authors find evidence that negative workplace safety announcements have a more pronounced negative effect on firm value in the present environment than in any previous time period. Practical implications – Operations managers need to play leading roles in ensuring safe working environments. The results provide the support needed to acquire the financial resources necessary to mitigate exposure to unsafe working conditions. Originality/value – This study explores the impact of negative workplace safety announcements on a firm’s stock performance. It is the first large-scale study to look at public announcements of workplace incidents and to explore the impact of such announcements in the context of time. Keywords Risk management, Workforce, Sustainable production, Standards, Corporate social responsibility, Business performance, Triple bottom line, Liability, Workplace safety, Safety systems.

Conclusion

The results of this paper clearly show that negative workplace safety events can deeply impact the financial performance of a firm. While in earlier periods, the negative impact on firm value was muted, the magnitude of the impact is much greater today reflecting the changing reality of today’s workplace. Operations and supply chain managers must seek ways to improve their workplaces and processes to make them safer. The analysis presented here should help managers to understand the negative financial consequences of failure to act and provide a framework to justify the expense necessary to enhance workplace safety in their organizations.

A safe working environment will not only help a firm avoid hefty penalties imposed by regulatory agencies, but will also avoid erosion of competitive position. Addressing worker safety reduces employee medial costs, reduces productivity loss due to workplace accident, and can have a significant impact on quality, responsiveness, flexibility among other competitive dimensions. Additionally, unsafe companies can have significant decline in corporate image and may be placed at a competitive disadvantage when hiring new employees, further imperiling firm performance and stock price. By identifying the importance of workplace safety and drawing attention to the negative consequences of a safety event, this paper helps to raise workplace safety as an important issue for the attainment of triple bottom line of a company.