過去文獻指出，資安攻擊事件 (cyberattacks) 不僅會影響企業之市場價值、現金持有、融資成本與風險管理決策，亦可能透過改變公司治理與資源配置方式，對企業營運產生深遠影響。然而，既有研究多聚焦於資安攻擊對企業財務面與外部市場結果之影響，較少進一步探討其是否會外溢至企業內部之非財務結果，尤其是職場安全 (workplace safety）。因此，本文針對資安攻擊與職場安全兩者之間的關聯性進行探討，並進一步檢視融資限制在其中所扮演之可能傳導機制。 本文利用 2002 年至 2011 年美國上市公司之資安攻擊事件資料，探討資安攻擊與企業職場安全表現之關聯性。我們以公開的職場安全記錄與資安攻擊事件進行分析，並考慮相關控制變數對職場安全的影響。實證結果顯示，資安攻擊與職場安全表現之間存在顯著關聯；相較於未受攻擊企業，受攻擊企業在事件後之職場安全表現有顯著改善。此外，此一效果在融資限制較高之企業中更為顯著，支持資安衝擊可能透過外部融資收縮與資金壓力上升，促使企業加強內部風險控管與職場安全管理之推論。進一步之橫斷面分析亦顯示，該效果在公司規模較小、工會覆蓋率較低以及經理人能力較高之企業中更為明顯。;Previous studies have shown that cyberattacks not only affect firms’ market value， cash holdings， financing costs， and risk management decisions， but may also exert profound in-fluences on business operations through changes in corporate governance and resource allo-cation. However， the existing literature has mainly focused on the financial and external market consequences of cyberattacks， while paying relatively little attention to whether such shocks spill over to firms’ internal non-financial outcomes， particularly workplace safety. Thus， we investigate the relation between cyberattacks and workplace safety and further ex-amine the potential mediating role of financing constraints. Using the sample of U.S. listed firms during the period from 2002 to 2011， we explore the relation between cyberattacks and workplace safety performance. Publicly available workplace safety records， cyberattack events， and related control variables are used in the empirical analysis. The results reveal that cyberattacks are significantly associated with workplace safety performance. Specifically， relative to firms that were not attacked， firms experiencing cyberattacks show significant improvements in workplace safety performance in the post-attack period. Furthermore， this effect is more pronounced for firms with higher financing constraints， supporting the argument that cyber shocks may lead to tighter external financing conditions and greater financial pressure， thereby prompting firms to strengthen internal risk control and workplace safety management. In addition， further cross-sectional analyses indicate that this effect is more evident among smaller firms， firms with lower un-ion coverage， and firms with higher managerial ability.
