Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety

Liang，Claire Y.C.1; Qi，Yaxuan2; Zhang，Rengong2; Zhu，Haoran3

2023-06-07

10.1017/S0022109022000631

Journal of Financial and Quantitative Analysis   Impact Factor & Quartile

0022-1090

1756-6916

This study highlights the positive impact of a stock market listing on workplace safety. We find that workplace injuries in publicly listed firms are lower than those in comparable private firms, and this effect relates to heightened monitoring by the media and regulators. The media pays more attention to public firms' safety issues than to those of private firms, and the reduced media scrutiny due to local newspaper closures leads to greater increases in injuries in public firms. Regulators also monitor public firms more strictly, evidenced by a higher likelihood of nonroutine inspections and larger penalties for detected violations.

SSCI

English

Others

Business & Economics

Business, Finance ; Economics

WOS:000908389900001

CAMBRIDGE UNIV PRESS

ECONOMICS BUSINESS

2-s2.0-85138650409

Scopus

1.Georgetown University,McDonough School of Business,United States
2.City University of HongKong,College of Business,Hong Kong
3.Southern University of Science and Technology,Business School,China

Liang，Claire Y.C.,Qi，Yaxuan,Zhang，Rengong,et al. Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety[J]. Journal of Financial and Quantitative Analysis,2023,58(4):1645-1674.

Liang，Claire Y.C.,Qi，Yaxuan,Zhang，Rengong,&Zhu，Haoran.(2023).Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety.Journal of Financial and Quantitative Analysis,58(4),1645-1674.

Liang，Claire Y.C.,et al."Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety".Journal of Financial and Quantitative Analysis 58.4(2023):1645-1674.