ASSESSING THE IMPACT OF SHAREHOLDER FOCUS AND PRODUCTIVITY PURSUIT ON SAFETY PERFORMANCE: A SYSTEMATIC LITERATURE REVIEW

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.