The next session will take place on Wednesday, December 10th, from 10:30-11:30am (CET).
Alessia Lo Turco (Università Politecnica delle Marche) will present:
Foreign Ownership and Occupational Safety: Evidence from France
with Beata Javorcik (University of Oxford, EBRD and CEPR), Daniela Maggioni (Catholic University of Milan), and Gianluca Santoni (CEPII)
One in nine workers worldwide experiences a non-fatal occupational accident, with nearly 750,000 French workers missing multiple workdays due to work-related injuries in 2003 alone. As multinational firms emphasize their superior management practices and ESG commitments, this study investigates whether foreign ownership enhances workplace safety. Using detailed plant level data from France (2003–2017) and applying recent event study techniques to the full data as well as a matched sample, it finds that foreign acquisitions improve worker safety by reducing accident rates, the proportion of injured employees, and the share of lost workdays. These benefits are primarily driven by a decline in major accidents among blue-collar workers. The safety improvements coincide with post-acquisition organisational changes within the plant and the firm, including a higher ratio of hours worked by technical middle managers relative to blue-collar workers, an increase in organisational layers, a greater presence of expatriates in middle and top management and enhanced worker training.
The full paper can be found here.
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