Abstract:
Safety in production is both a livelihood issue of concern to the Party and the government and an important manifestation of corporate fulfilling social responsibility. Using A-share listed companies in Shanghai and Shenzhen as samples, this paper empirically examines the impact of government procurement on workplace safety. The study finds that government procurement significantly inhibits the occurrence of workplace safety accidents in enterprises. The mechanisms include: (1) providing funding, credit endorsement, and improving information transparency, thereby alleviating corporate financing constraints and financial distress, prompting enterprises to increase safety investment and enhance safety governance; (2) attracting attention from regulatory departments, media, and the public, which increases corporate violation costs and reputational costs and encourages enterprises to focus on workplace safety issues. Heterogeneity analysis reveals that the above effects are more significant when corporate information transparency is higher, credit availability is lower, outsourced personnel are fewer, and corporate social responsibility report tone is more positive. This paper extends the literature on the economic consequences of government procurement and offers implications for preventing and managing workplace safety accidents.
下载:
