Debt, Operating Margin, and Investment In Workplace Safety
Author
Abstract
Suggested Citation
DOI: 10.1111/1467-6451.00205
Download full text from publisher
References listed on IDEAS
- Golbe, Devra L, 1986. "Safety and Profits in the Airline Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 34(3), pages 305-318, March.
- Calomiris, Charles W & Hubbard, R Glenn, 1990.
"Firm Heterogeneity, Internal Finance, and 'Credit Rationing.',"
Economic Journal, Royal Economic Society, vol. 100(399), pages 90-104, March.
- Charles W. Calomiris & R. Glenn Hubbard, 1988. "Firm Heterogeneity, Internal Finance, and `Credit Rationing'," NBER Working Papers 2497, National Bureau of Economic Research, Inc.
- Angrist, Joshua D, 2001.
"Estimations of Limited Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 19(1), pages 2-16, January.
- Joshua Angrist, 1999. "Estimation of Limited-Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice," Working papers 99-31, Massachusetts Institute of Technology (MIT), Department of Economics.
- Joshua D. Angrist, 2000. "Estimation of Limited-Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice," NBER Technical Working Papers 0248, National Bureau of Economic Research, Inc.
- Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
- Dionne, Georges & Gagne, Robert & Gagnon, Francois & Vanasse, Charles, 1997.
"Debt, moral hazard and airline safety An empirical evidence,"
Journal of Econometrics, Elsevier, vol. 79(2), pages 379-402, August.
- Dionne, G. & Gagne, R. & Gagnon, F. & Vanasse, C., 1993. "Debt, Moral Hazard and Airline Safety : An Empirical Evidence," Cahiers de recherche 9309, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Dionne, G. & Gagne, R. & Gagnon, F. & Vanasse, C., 1994. "Debts, moral hazard and airline safety : an empirica evidence," CEPREMAP Working Papers (Couverture Orange) 9419, CEPREMAP.
- Kim, Moshe & Maksimovic, Vojislav, 1990. "Debt and Input Misallocation," Journal of Finance, American Finance Association, vol. 45(3), pages 795-816, July.
- Windmeijer, F A G & Silva, J M C Santos, 1997.
"Endogeneity in Count Data Models: An Application to Demand for Health Care,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 12(3), pages 281-294, May-June.
- Frank Windmeijer & Joao Santos Silva Santos Silva, 1996. "Endogeneity in count data models; an application to demand for health care," IFS Working Papers W96/15, Institute for Fiscal Studies.
- Golbe, Devra L., 1988. "Risk-taking by firms near bankruptcy," Economics Letters, Elsevier, vol. 28(1), pages 75-79.
- Myers, Stewart C. & Majluf, Nicholas S., 1984.
"Corporate financing and investment decisions when firms have information that investors do not have,"
Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
- Myers, Stewart C. & Majluf, Nicolás S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Working papers 1523-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Scholz, John T & Gray, Wayne B, 1990. "OSHA Enforcement and Workplace Injuries: A Behavioral Approach to Risk Assessment," Journal of Risk and Uncertainty, Springer, vol. 3(3), pages 283-305, September.
- Gray, Wayne B & Jones, Carol Adaire, 1991.
"Are OSHA Health Inspections Effective? A Longitudinal Study in the Manufacturing Sector,"
The Review of Economics and Statistics, MIT Press, vol. 73(3), pages 504-508, August.
- Wayne B. Gray & Carol Adaire Jones, 1990. "Are OSHA Health Inspections Effective? A Longitudinal Study in the Manufacturing Sector," NBER Working Papers 3233, National Bureau of Economic Research, Inc.
- Viscusi, W. Kip, 1986. "The Impact of Occupational Safety and Health Regulation, 1973-83," Working Papers 40, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Terry Thomason & Timothy P. Schmidle & John F. Burton Jr., 2001. "Workers' Compensation: Benefits, Costs, and Safety under Alternative Insurance Arrangements," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wc.
- Windmeijer, Frank, 2000. "Moment conditions for fixed effects count data models with endogenous regressors," Economics Letters, Elsevier, vol. 68(1), pages 21-24, July.
- Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
- Golbe, Devra L, 1983. "Product Safety in a Regulated Industry: Evidence from the Railroads," Economic Inquiry, Western Economic Association International, vol. 21(1), pages 39-52, January.
- W. Kip Viscusi, 1986. "The Impact of Occupational Safety and Health Regulation, 1973-1983," RAND Journal of Economics, The RAND Corporation, vol. 17(4), pages 567-580, Winter.
- W. Kip Viscusi, 1979. "The Impact of Occupational Safety and Health Regulation," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 117-140, Spring.
- Dasgupta, Sudipto & Sengupta, Kunal, 1993. "Sunk Investment, Bargaining and Choice of Capital Structure," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(1), pages 203-220, February.
- T. Randolph Beard, 1990. "Bankruptcy and Care Choice," RAND Journal of Economics, The RAND Corporation, vol. 21(4), pages 626-634, Winter.
- Feinstein, Jonathan S, 1989. "The Safety Regulation of U.S. Nuclear Power Plants: Violations, Inspections, and Abnormal Occurrences," Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 115-154, February.
- Harris, Milton & Raviv, Artur, 1991. "The Theory of Capital Structure," Journal of Finance, American Finance Association, vol. 46(1), pages 297-355, March.
- Bruce A. Larson, 1996. "Environmental Policy Based on Strict Liability: Implications of Uncertainty and Bankruptcy," Land Economics, University of Wisconsin Press, vol. 72(1), pages 33-42.
- Brander, James A. & Lewis, Tracy R., 1986. "Oligopoly and Financial Structure: The Limited Liability Effect," American Economic Review, American Economic Association, vol. 76(5), pages 956-970, December.
- Terza, Joseph V., 1998. "Estimating count data models with endogenous switching: Sample selection and endogenous treatment effects," Journal of Econometrics, Elsevier, vol. 84(1), pages 129-154, May.
- Feinstein, Jonathan S, 1990. "Detection Controlled Estimation," Journal of Law and Economics, University of Chicago Press, vol. 33(1), pages 233-276, April.
- Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
- Steven Shavell, 1984. "A Model of the Optimal Use of Liability and Safety Regulation," RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 271-280, Summer.
- Stephen G. Bronars & Donald R. Deere, 1991. "The Threat of Unionization, the Use of Debt, and the Preservation of Shareholder Wealth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(1), pages 231-254.
- John W. Ruser & Robert S. Smith, 1991. "Reestimating Osha's Effects: Have the Data Changed?," Journal of Human Resources, University of Wisconsin Press, vol. 26(2), pages 212-235.
- Bartel, Ann P & Thomas, Lacy Glenn, 1985. "Direct and Indirect Effects of Regulation: A New Look at OSHA's Impact," Journal of Law and Economics, University of Chicago Press, vol. 28(1), pages 1-25, April.
- Angrist, Joshua D, 2001. "Estimations of Limited Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice: Reply," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(1), pages 27-28, January.
- Rose, Nancy L, 1990. "Profitability and Product Quality: Economic Determinants of Airline Safety Performance," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 944-964, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Srhoj, Stjepan & Kovač, Dejan & Shapiro, Jacob N. & Filer, Randall K., 2023.
"The impact of delay: Evidence from formal out-of-court restructuring,"
Journal of Corporate Finance, Elsevier, vol. 78(C).
- Filer, Randall Keith & Kovač, Dejan & Shapiro, Jacob N. & Srhoj, Stjepan, 2021. "The impact of delay: Evidence from formal out-of-court restructuring," IWH Discussion Papers 10/2021, Halle Institute for Economic Research (IWH).
- Stjepan Srhoj & Dejan Kovac & Jacob N. Shapiro & Randall K. Filer, 2021. "The Impact of Delay: Evidence from Formal Out-of-Court Restructuring," CERGE-EI Working Papers wp700, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Stjepan Srhoj & Dejan Kovač & Jacob Shapiro & Randall Filer, 2021. "The Impact of Delay: Evidence from Formal Out-of-Court Restructuring," Working Papers 2021-23, Faculty of Economics and Statistics, Universität Innsbruck.
- Srhoj, Stjepan & Kovač, Dejan & Shapiro, Jacob N. & Filer, Randall K., 2021. "The Impact of Delay: Evidence from Formal Out-of-Court Restructuring," GLO Discussion Paper Series 912, Global Labor Organization (GLO).
- Stjepan Srhoj & Dejan Kovač & Jacob N. Shapiro & Randall Filer, 2021. "The Impact of Delay: Evidence from Formal Out-of-Court Restructuring," CESifo Working Paper Series 9248, CESifo.
- Srhoj, Stjepan & Kovač, Dejan & Shapiro, Jacob N. & Filer, Randall K., 2021. "The Impact of Delay: Evidence from Formal Out-of-Court Restructuring," MPRA Paper 109841, University Library of Munich, Germany.
- Baghai, Ramin & Bos, Marieke & Bach, Laurent & Silva, Rui, 2021.
"How Do Acquisitions Affect the Mental Health of Employees?,"
Misum Working Paper Series
2021-2, Stockholm School of Economics, Mistra Center for Sustainable Markets (Misum).
- Silva, Rui & , & Baghai, Ramin & Bos, Marieke, 2021. "How Do Acquisitions Affect the Mental Health of Employees?," CEPR Discussion Papers 16657, C.E.P.R. Discussion Papers.
- van 't Veld, Klaas, 2006. "Hazardous-industry restructuring to avoid liability for accidents," International Review of Law and Economics, Elsevier, vol. 26(3), pages 297-322, September.
- Christophe Moussu & Steve Ohana, 2016. "Do Leveraged Firms Underinvest in Corporate Social Responsibility? Evidence from Health and Safety Programs in U.S. Firms," Journal of Business Ethics, Springer, vol. 135(4), pages 715-729, June.
- Dai, Yunhao & Tong, Xinchu & Wang, Li, 2022. "Workplace safety accident, employee treatment, and firm value: Evidence from China," Economic Modelling, Elsevier, vol. 115(C).
- John (Jianqiu) Bai & Eunju Lee & Chi Zhang, 2020. "Capital market frictions and human capital investment: Evidence from workplace safety around regulation SHO," The Financial Review, Eastern Finance Association, vol. 55(2), pages 339-360, May.
- Sarker, Md Showaib Rahman & Mazumder, Sharif & Amin, Md Ruhul, 2023. "Oil price uncertainty, workplace misconduct, and cash holding," International Review of Financial Analysis, Elsevier, vol. 89(C).
- Jagjeevan Kanoujiya & Shailesh Rastogi, 2024. "Nexus between efficiency and financial distress of listed firms in India: a comparative study using frontier techniques," OPSEARCH, Springer;Operational Research Society of India, vol. 61(2), pages 835-866, June.
- van 't Veld, Klaas & Shogren, Jason F., 2012. "Environmental federalism and environmental liability," Journal of Environmental Economics and Management, Elsevier, vol. 63(1), pages 105-119.
- McManus, T. Clay & Schaur, Georg, 2016. "The effects of import competition on worker health," Journal of International Economics, Elsevier, vol. 102(C), pages 160-172.
- Earnhart, Dietrich & Segerson, Kathleen, 2012. "The influence of financial status on the effectiveness of environmental enforcement," Journal of Public Economics, Elsevier, vol. 96(9-10), pages 670-684.
- Hao, Ying & Li, Junyi & Ni, Juan & Yin, Ziqi, 2023. "Can military executives improve corporate performance? Evidence from industrial competitive pressure," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
- Xuan Wu & Yueting Li & Yangxin Yu, 2023. "CEO Inside Debt and Employee Workplace Safety," Journal of Business Ethics, Springer, vol. 182(1), pages 159-175, January.
- Christopher Dupuis & Ying Zheng, 2024. "Import Penetration and Corporate Misconduct: A Natural Experiment," Journal of Business Ethics, Springer, vol. 195(3), pages 475-506, December.
- Biko Koenig, 2018. "Economic Inequality and the Violation Economy," Poverty & Public Policy, John Wiley & Sons, vol. 10(4), pages 505-523, December.
- van 't Veld, Klaas & Hutchinson, Emma, 2009. "Excessive spending by firms to avoid accidents: Is it a concern in practice?," International Review of Law and Economics, Elsevier, vol. 29(4), pages 324-335, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Earnhart, Dietrich & Segerson, Kathleen, 2012. "The influence of financial status on the effectiveness of environmental enforcement," Journal of Public Economics, Elsevier, vol. 96(9-10), pages 670-684.
- Nikolaos Daskalakis & Eleni Tsota, 2023. "Reintroducing Industry Effects in Capital Structure Determination of SMEs," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 12(2), pages 1-4.
- Matthias Fahn & Valeria Merlo & Georg Wamser, 2019.
"The Commitment Role of Equity Financing,"
Journal of the European Economic Association, European Economic Association, vol. 17(4), pages 1232-1260.
- Matthias Fahn & Valeria Merlo & Georg Wamser, 2014. "The Commitment Role of Equity Financing," CESifo Working Paper Series 4841, CESifo.
- Fahn, Matthias & Wamser, Georg & Merlo, Valeria, 2017. "The Commitment Role of Equity Financing," Rationality and Competition Discussion Paper Series 41, CRC TRR 190 Rationality and Competition.
- Matthias Fahn & Valeria Merlo & Georg Wamser, 2017. "The Commitment Role of Equity Financing," Economics working papers 2017-12, Department of Economics, Johannes Kepler University Linz, Austria.
- Xu, Jin, 2012. "Profitability and capital structure: Evidence from import penetration," Journal of Financial Economics, Elsevier, vol. 106(2), pages 427-446.
- Guney, Yilmaz & Li, Ling & Fairchild, Richard, 2011. "The relationship between product market competition and capital structure in Chinese listed firms," International Review of Financial Analysis, Elsevier, vol. 20(1), pages 41-51, January.
- Alm, James & Shimshack, Jay, 2014.
"Environmental Enforcement and Compliance: Lessons from Pollution, Safety, and Tax Settings,"
Foundations and Trends(R) in Microeconomics, now publishers, vol. 10(4), pages 209-274, December.
- James Alm & Jay Shimshack, 2014. "Environmental Enforcement and Compliance: Lessons from Pollution, Safety, and Tax Settings," Working Papers 1409, Tulane University, Department of Economics.
- Chen, Linda H. & Jiang, George J., 2001. "The financing behavior of Dutch firms," Research Report 01E54, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- repec:dgr:rugsom:01e55 is not listed on IDEAS
- Maria Psillaki & Nikolaos Daskalakis, 2009. "Are the determinants of capital structure country or firm specific?," Small Business Economics, Springer, vol. 33(3), pages 319-333, October.
- Federico Etro, 2010.
"Endogenous market structures and the optimal financial structure,"
Canadian Journal of Economics, Canadian Economics Association, vol. 43(4), pages 1333-1352, November.
- Federico Etro, 2010. "Endogenous market structures and the optimal financial structure," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 43(4), pages 1333-1352, November.
- Marian Rizov, 2008.
"Corporate Capital Structure And How Soft Budget Constraints May Affect It,"
Journal of Economic Surveys, Wiley Blackwell, vol. 22(4), pages 648-684, September.
- Rizov, Marian, 2008. "Corporate capital structure and how soft budget constraints may affect it," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 22(4), pages 648-684.
- Ryen, Glen T. & Vasconcellos, Geraldo M. & Kish, Richard J., 1997. "Capital structure decisions: What have we learned?," Business Horizons, Elsevier, vol. 40(5), pages 41-50.
- Upreti, Vineet & Adams, Mike, 2015. "The strategic role of reinsurance in the United Kingdom’s (UK) non-life insurance market," Journal of Banking & Finance, Elsevier, vol. 61(C), pages 206-219.
- repec:dgr:rugsom:01e54 is not listed on IDEAS
- Chen, Linda H. & Jiang, George J., 2001. "The determinants of Dutch capital structure choice," Research Report 01E55, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Bae, Kee-Hong & Kang, Jun-Koo & Wang, Jin, 2011. "Employee treatment and firm leverage: A test of the stakeholder theory of capital structure," Journal of Financial Economics, Elsevier, vol. 100(1), pages 130-153, April.
- Balla, Andrea, 2006. "Tőkeszerkezeti döntések - empirikus elemzés a magyar feldolgozóipari vállalatokról 1992-2001 között [Decisions affecting capital structure - an empirical analysis of Hungarian manufacturing firms i," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 681-700.
- Albert Danso & Samuel Fosu & Samuel Owusu‐Agyei & Collins G. Ntim & Emmanuel Adegbite, 2021. "Capital structure revisited. Do crisis and competition matter in a Keiretsu corporate structure?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5073-5092, October.
- Bae, John & Kim, Sang-Joon & Oh, Hannah, 2017. "Taming polysemous signals: The role of marketing intensity on the relationship between financial leverage and firm performance," Review of Financial Economics, Elsevier, vol. 33(C), pages 29-40.
- Drobetz, Wolfgang & Pensa, Pascal & Wöhle, Claudia B., 2004. "Kapitalstrukturtheorie in Theorie und Praxis: Ergebnisse einer Fragebogenuntersuchung," Working papers 2004/09, Faculty of Business and Economics - University of Basel.
- Rana El Bahsh & Ali Alattar & Aziz N. Yusuf, 2018. "Firm, Industry and Country Level Determinants of Capital Structure: Evidence from Jordan," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 175-190.
- Pan Xu & Jun He & Daojuan Wang & Sofia A. Johan & Siwei Lin, 2024. "Could the simultaneous persistence of greater cash holdings and interest‐bearing debts affect stock price crash risk?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 3226-3262, July.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jindec:v:51:y:2003:i:3:p:359-381. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.