Agyemang, E A; Musonda, I and Zulu, S (2024) Assessing the impact of shareholder focus and productivity pursuit on safety performance: A systematic literature review. In: Thomson, C (ed.) Proceedings of 40th Annual ARCOM Conference, 2-4 September 2024, London South Bank University, UK.
Abstract
The simultaneous pursuit of shareholder value and productivity has emerged as a central focus within the construction industry. However, the potential consequences on safety performance in this sector remain inadequately explored. With construction companies increasingly prioritizing financial gains and operational efficiency, there is growing apprehension about the possible compromise of safety standards. To address this knowledge gap, the study employs a systematic literature review to examine the intricate dynamics between shareholder focus, productivity, and their impact on safety performance in the construction industry. A total of 27 academic publications from the Scopus database were identified and analysed. The findings highlight the necessity for a balanced approach that aligns financial objectives with the well-being of workers. Additionally, the study provides insights for industry stakeholders to enhance safety performance while maintaining a focus on shareholder value and productivity. The study guides policymakers, practitioners, and stakeholders in formulating balanced strategies and policies when addressing the complex interplay between financial objectives and safety in construction.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | shareholder focus; productivity; safety performance; shareholder theory; construction industry |
| Index terms: | strategy, efficiency, practitioner, dynamics, safety standards, productivity, database, publication, well-being, construction industry, systematic literature review, safety performance, construction company, prioritizing |
| Subjects: | research dissemination and communication, decision analysis, research evaluation and metrics, performance management, occupational health and safety management, industry analysis, mental health and wellbeing, systems engineering, data management, organization, management, practitioner |
| Topics: | Business Strategy, Information Management, Risk Management, Engineering Principles, Roles and Professions, Health and Safety, Research Practice, Digital Applications, Quality Management |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here