The Relationship Between Company Survival, Site Risk and Accidents in Construction Industry

Abstract

This paper examines the relationships between the accident rate of a company and the likelihood that a construction firm survives in the industry. We have done 409 assessments of risk levels on site from 344 Spanish firms from 2004 to 2010. With these assessments, accidents rates and survival/mortality data from SABI database we constructed a panel of data. Our general hypothesis is that accident rate makes less likely that a company survives in the sector. We estimate the relationships among these variables using probit regression methodology. Our results are relevant to highlight the imperative of define effective policies to control accident rates, and improve the construction sector health and its sustainable competitiveness. © 2020, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.