The Impact of Occupational Health and Safety Policy on Firm Value

Richard Heaney, L. Irlicht

Research output: Contribution to journalArticle

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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.
Original languageEnglish
Pages (from-to)308-320
JournalECONOMIC PAPERS OF THE ECONOMIC SOCIETY OF AUSTRALIA
Volume26
Issue number4
Publication statusPublished - Dec 2007

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