Nie, Huihua; Zhao, Huainan - Volkswirtschaftliche Fakultät, … - 2013
China’s coalmining fatalities were 140 times higher than the U.S. in the last decade. To shed light on this issue, we … form and examinea unique panel dataset of 25,387 firm-year observations for China’s coalmining industry. We show that a … firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a …