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讲座:Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety

发布者:会计系    发布时间:2021-10-08

题 目:Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety

嘉 宾:张人公,香港城市大学,助理教授

时 间:2021年10月13日(周三)14:00-15:30

地 点:上海交通大学徐汇校区包图A303

内容简介:

We find that, on average, workplace injuries in publicly-listed firms are lower than those in comparable private firms. This finding is robust to multiple tests designed to mitigate endogeneity concerns regarding a firm’s listing status. Further investigation suggests that the benefit of a public listing for workplace safety relates to heightened monitoring of listed firms by the media and regulators. The listing effect is more pronounced when media coverage is high. We further find that public firms located in counties facing reduced media scrutiny, due to local newspaper closures, experience greater increases in injury rates than local private counterparts after the closures. Regulators also impose more stringent monitoring on public firms, evidenced by a higher likelihood of nonroutine inspections and larger penalties on detected violations. Overall, our study highlights the positive impact of a stock market listing on workplace safety.

演讲人简介:

张人公博士现任香港城市大学商学院助理教授,研究领域主要为职业安全健康、管理会计和公司金融,曾在Journal of Operation Management等期刊发表多篇论文。

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