How does adopting occupational health and safety management practices affect outcomes for employees? The case of Vietnamese SMEs

Ngoc Thang Nguyen and Van Huong Vu

International Review of Economics & Finance, 2023, vol. 83, issue C, 629-640

Abstract: While most research examines corporate performance, only a few studies examine the effect of occupational health and safety management practices on outcomes for employees. Using a comprehensive three-year matched firm-employee panel dataset, this study shows that investing in worker health and environmental standards enhances the wages of employees in small and medium enterprises (SMEs) in Vietnam. Furthermore, our findings reveal that certified SMEs are more likely to provide their employees with non-monetary benefits, such as paid sick leave, and health, social, unemployment, and accident insurance, as well as formal contracts. These effects derive from higher profitability, greater labor productivity, government financial support, and a lower level of competition when firms adopt environmental standards.

Keywords: Environmental standards; Occupational health and safety standards; Working conditions; Private SMEs; Vietnam (search for similar items in EconPapers)
JEL-codes: D22 D25 J24 Q53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:83:y:2023:i:c:p:629-640

DOI: 10.1016/j.iref.2022.10.009

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