The Effects of Safety Practices, Technology Adoption, and Firm Characteristics on Motor Carrier Safety
This paper explores how firms make safety-related decisions. The theory of the firm suggests that firms should maximize profit by investing in safety until marginal cost is equal to the marginal benefit. A theoretical framework is developed in this paper that proposes that, in the face of uncertainty regarding the occurrence of vehicle accidents, firms maximize the expected profit by choosing an optimal output level and an optimal mix of safety inputs. The empirical section of this paper tests the effects of safety practices, technologies and firm characteristics on the carrier injury and fatality accident rates. The results show that firms with a safety performance marketing strategy have significantly lower accident rates. This supports the contention that firm management policies can directly impact the safety performance of the firm.
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- Summary URL:
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/10461469
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Authors:
- Dammen, Sarah J
- Publication Date: 2005
Language
- English
Media Info
- Media Type: Print
- Features: References; Tables;
- Pagination: pp 103-120
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Serial:
- Journal of the Transportation Research Forum
- Volume: 44
- Issue Number: 1
- Publisher: Transportation Research Forum
- ISSN: 1046-1469
- Serial URL: https://trforum.org/journal-of-the-trf/
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Publication flags:
Open Access (libre)
Subject/Index Terms
- TRT Terms: Business practices; Businesses; Crash rates; Decision making; Empirical methods; Marketing; Motor carriers; Safety management; Technology; Theoretical studies
- Subject Areas: Administration and Management; Highways; Motor Carriers; Safety and Human Factors; I10: Economics and Administration; I80: Accident Studies;
Filing Info
- Accession Number: 01006303
- Record Type: Publication
- Files: TRIS
- Created Date: Oct 26 2005 9:15AM