The impact of occupational health and safety policy in firm value

Heaney, R and Irlicht, L 2007, 'The impact of occupational health and safety policy in firm value', Economic Papers, vol. 26, no. 4, pp. 308-331.


Document type: Journal Article
Collection: Journal Articles

Title The impact of occupational health and safety policy in firm value
Author(s) Heaney, R
Irlicht, L
Year 2007
Journal name Economic Papers
Volume number 26
Issue number 4
Start page 308
End page 331
Total pages 23
Publisher Wiley-Blackwell Publishing Asia
Abstract There have been few studies that analyse the impact of OHS on the value of Australian firms; yet this is an important area of business for both small and large businesses. In this paper we pay particular attention to the impact of Victorian Workcover Authority prosecutions of listed Australian firms. USA based research shows that OHS prosecutions have a negative impact on firm value and we find some evidence to support the existence of negative share price reaction to OHS prosecution in our sample of listed Australian firms.
Subject Financial Economics
Copyright notice © 2007 The Economic Society of Australia
ISSN 0812-0439
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