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Perils and Profits: A Reexamination of the Link Between Profitability and Safety in U.S. Aviation
In many industries, for-profit business organizations make decisions that critically impact the safety of their employees and the public. Managers in such organizations often argue that there is no trade-off between profitability and safety because “safety is good business.” However, prior studies examining the profitability–safety relationship report inconsistent and conflicting results. In the present study, the author reexamines this issue, building on insights into managerial risk taking from the behavioral theory of the firm and hypothesizing that the slope of the profitability–safety relationship reaches an inflection point at the organizational profitability aspiration. Using data from the U.S. airline industry, the author finds support for this hypothesis, with results indicating a positive association between airline profitability and airline accident rates for airlines performing below their aspirations but a negative association for airlines performing above their aspirations.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| JOM3903 | PSB lt.dasar - Pascasarjana (Majalah) | 1 |
| Penerbit | United States: Sage Publication 2013 |
|---|---|
| Edisi | Vol. 39 No. 3, Mar 2013 |
| Subjek | Corporate Social Performance Behavioral theory of the firm financial performance?safety link organizational safety profit motive U.S. airline industry |
| ISBN/ISSN | 1557-1211 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 846 p. |
| Info Detail Spesifik | Journal of Management |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |