Responses to accidents in different industrial sectors

Abstract

Accidents produce external pressures on companies leading to new regulations and renegotiation of enforcement of regulations. Our perspective is institutional with a focus on the extended dialogue among regulators and the industry. The empirical focus is offshore oil and gas production, deep sea and coastal fisheries, and maritime transportation with a segment of older bulk carriers. The findings are that structural characteristics of both the industries and the regulatory regime determine the interactions between the regulated and the regulator. The paper illustrates that in industrial sectors where hazards and risks are visible and of public interest, it is easier to implement regulations through outside pressure fromregulators and other stakeholders such as internationally organised unions.