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Labour accidents and financial performance: empirical analysis of the type of relationship in the Spanish context

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This article performs empirical research and finds a negative relationship between accidents in the workplace and financial performance. The relationship is stronger and more persistent for performance 1 year ahead than for the current year. We find no significant evidence of curvilinear U-shaped or inverted U-shaped relationships. Results are strong across different industries and samples, variable definitions and model specifications. The study contributes to the scarce extant research with reliable data and samples of a wide span of industries. The study also contributes methodologically with refined analyses of the curvilinear relationship and providing robust widespread inference for a large number of industries.

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ARGILÉS BOSCH, Josep m., GARCÍA BLANDÓN, Josep, RAVENDA, Diego. Labour accidents and financial performance: empirical analysis of the type of relationship in the Spanish context. _International Journal Of Occupational Safety And Ergonomics_. 2022. Vol. 28, núm. 2, pàgs. 974-990. [consulta: 20 de gener de 2026]. ISSN: 1080-3548. [Disponible a: https://hdl.handle.net/2445/191503]

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