On The Relationship Between OSHA Data And Firm Bankruptcy
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This study examines whether selected non-financial operations and safety metrics provided by the Occupational Safety and Health Administration correlate with firm bankruptcy. Where previous studies have used primarily financial metrics to create bankruptcy prediction and analytical models, this study builds upon prior work by analyzing non-financial data to determine whether or not firms that violate federal civil regulations are more highly correlated with bankruptcy than their more regulatory compliant counterparts. I find no empirical evidence to reject the null hypothesis that safety data is associated with future incidence of bankruptcy. However, I outline additional research ideas that could further explore this association.