We examine whether institutional investors play a role in improving workplace safety. By compiling establishment-level work-related injury data from the Occupational Safety and Health Administration, we document significantly lower injury and illness rates that are more pronounced in firms with...

We examine whether institutional investors play a role in improving workplace safety. By compiling establishment-level work-related injury data from the Occupational Safety and Health Administration, we document significantly lower injury and illness rates that are more pronounced in firms with...

We argue that the relative effectiveness of active and passive blockholder monitoring is driven by the institutional context of the Korean financial market. The Korean market is characterized by the dominance of chaebols and the pressure-sensitivity of institutional blockholders. We believe that...