Health and safety management and business economic performance

Title	Health and safety management and business economic performance
SubTitle	An econometric study.
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Author	Sheikh, S., Gardiner, B. and Brettell, S. Cambridge Econometrics for HSE.
Series Code	RR
Series Number	510
Publisher	HSE BOOKS
Date of Publication	2006
Length	74 pages
Stock Code	RR510
Notes	research report 510. (RR510) (RR 510) WEB VERSION ONLY
Abstract	This study explores the relationship between the scale of health and safety (H&S;) activity undertaken by businesses and their economic performance. The objective is to measure whether increased H&S; activity encourages investment in human and physical capital, thereby leading to an increase in productivity at both firm and industry levels. A gross output multi-industry approach has been adopted, in which growth in each industry's gross output is decomposed into the contributions from changes in capital services, labour and other inputs, with the residual defined as total factor productivity. The study then examines whether investment in health and safety explains some of the residual productivity. This report and the work it describes were funded by the Health and Safety Executive (HSE). Its contents, including any opinions and/or conclusions expressed, are those of the authors alone and do not necessarily reflect HSE policy.
Keywords	Management; Business performance; Research