Risky Rewards: How Company Bonuses Affect Safety

Andrew Hopkins, Sarah MASLEN

Research output: Book/ReportBook

5 Citations (Scopus)
2 Downloads (Pure)

Abstract

Financial incentives have long been used to try to influence professional values and practices. Recent events including the global financial crisis and the BP Texas City refinery disaster have been linked to such incentives, with commentators calling for a critical look at these systems given the catastrophic outcomes. Risky Rewards engages with this debate, particularly in the context of the present and potential role of incentives to manage major accident risk in hazardous industries. It examines the extent to which people respond to financial incentives, the potential for perverse consequences, and approaches that most appropriately focus attention on major hazard risk. The book is based in part on an empirical study of bonus arrangements in eleven companies operating in hazardous industries, including oil, gas, chemical and mining.
Original languageEnglish
Place of PublicationUnited Kingdom
PublisherAshgate Publishing Limited
Number of pages175
ISBN (Electronic)9781472449856
ISBN (Print)9781472449849
Publication statusPublished - 2015

Fingerprint

Reward
Bonuses
Incentives
Financial incentives
Safety
Gas
Industry
Global financial crisis
Accidents
Hazard
Oil industry
Disaster
Empirical study
Refinery
Bonus

Cite this

Hopkins, A., & MASLEN, S. (2015). Risky Rewards: How Company Bonuses Affect Safety. United Kingdom: Ashgate Publishing Limited.
Hopkins, Andrew ; MASLEN, Sarah. / Risky Rewards: How Company Bonuses Affect Safety. United Kingdom : Ashgate Publishing Limited, 2015. 175 p.
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Hopkins, A & MASLEN, S 2015, Risky Rewards: How Company Bonuses Affect Safety. Ashgate Publishing Limited, United Kingdom.

Risky Rewards: How Company Bonuses Affect Safety. / Hopkins, Andrew; MASLEN, Sarah.

United Kingdom : Ashgate Publishing Limited, 2015. 175 p.

Research output: Book/ReportBook

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Hopkins A, MASLEN S. Risky Rewards: How Company Bonuses Affect Safety. United Kingdom: Ashgate Publishing Limited, 2015. 175 p.