인문학
사회과학
자연과학
공학
의약학
농수해양학
예술체육학
복합학
개인구독
소속 기관이 없으신 경우, 개인 정기구독을 하시면 저렴하게
논문을 무제한 열람 이용할 수 있어요.
지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록·키워드
In this study, we examine the association between corporate workplace safety and narrative disclosure. Specifically, we analyze the negative word usage in 10-K filings depending on the injury/illness rates. Using data from the Occupational Safety and Health Administration (OSHA), we find that firms with higher injury/illness rates are less likely to use negative words in their annual reports. Seeking the underlying reasons, we indeed find a higher usage of negative words in 10-K filings and higher rates of injuries, negatively affecting the firm’s future value. Additionally, the tendency to reduce negative words is stronger for firms led by CEOs with higher career concerns. We also find that when firms highly use negative words in their annual reports, it negatively impacts the readability of annual reporting, especially when they are also experiencing a higher number of injuries. Our findings remain robust even after conducting change analysis, propensity score matching, entropy balancing, and various fixed effects. Overall, our results suggest workplace safety practices influence its annual reports, and managers may strategically use their narratives to mitigate adverse impact from injury/illness in their workplace.
본문·목차
인공지능 문자 인식 모델을 통해 추출된 텍스트로, 일부 오타나 오류가 포함될 수 있으나 지속적으로 개선 중입니다.
오류를 발견하셨다면 해당 부분을 드래그한 후 ' 를 통해 신고해주세요.
오류를 발견하셨다면 해당 부분을 드래그한 후 ' 를 통해 신고해주세요.
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