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Open AccessArticle

Corporate Social Responsibility and Employee Safety: Evidence from Korea

by Ja Eun Koo 1 and Eun Sun Ki 2,*
1
Division of Business Administration, The University of Suwon, Gyeonggi 18323, Korea
2
Division of Business Administration & Accounting, Kangwon National University, Chuncheon 24341, Korea
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(7), 2649; https://doi.org/10.3390/su12072649
Received: 1 March 2020 / Revised: 12 March 2020 / Accepted: 20 March 2020 / Published: 26 March 2020
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
Employees are an integral part of a company’s sustainable growth and they expect a safe working environment. Therefore, analyzing the factors that affect employee safety is important. In this context, we analyze the effect of corporate social responsibility investment on employee safety. Using Korean listed company data from 2012 to 2014, we regress corporate social responsibility scores on workplace injuries. The Ordinary Least Square (OLS) regression results show that higher corporate social responsibility scores are associated with fewer working days lost owing to workplace injuries. Moreover, while workplace injuries have a clear negative effect on firm value, corporate social responsibility activity significantly reduces this negative effect. Our findings imply that investment in corporate social responsibility can improve workplace safety and contribute to a company’s sustainable growth. View Full-Text
Keywords: employee safety; corporate social responsibility; workplace injury; sustainability employee safety; corporate social responsibility; workplace injury; sustainability
MDPI and ACS Style

Koo, J.E.; Ki, E.S. Corporate Social Responsibility and Employee Safety: Evidence from Korea. Sustainability 2020, 12, 2649.

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