Financial impact of certifications to management system standards: Evidence from Tunisian listed companies

Omri Imen ()
Additional contact information
Omri Imen: Laboratory of Economics and Applied Finance, IHEC, University of Carthage

No 4206838, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: Certifications to management system standards (ISO 9000, ISO 9001, ISO 14001, etc.) are a widespread benchmark for thousands of organizations around the world. A number of studies have been carried out in order to analyze the impact of these certifications over companies? performance. However, conclusions reached so far have been of a contradictory nature. The real benefits of these certifications continue to raise the debates and the different results show that the effect of certifications to management system standards on firms? performance remains to be explored specially in terms of financial improvement. The purpose of this research is to investigate the association between certifications to management system standards and Tunisian companies? financial performance covering the period 2010-2014. Such a study is likely to provide a useful insight to managers since the process of achieving and maintaining these certifications involves costs and time. The results find that there is no evidence that improvements in performance follow certifications and certified firms do not present higher performance than those that are not certified.

Keywords: Financial Performance; Operating Performance; Certifications; ISO; Propensity Score Matching (search for similar items in EconPapers)
JEL-codes: C19 G39 L25 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2016-10
New Economics Papers: this item is included in nep-ara and nep-sbm
References: Add references at CitEc
Citations:

Published in Proceedings of the Proceedings of the 6th Economic & Finance Conference, OECD Headquarters, Paris, Oct 2016, pages 175-192

Downloads: (external link)
https://iises.net/proceedings/6th-economics-financ ... =42&iid=010&rid=6838 First version, 2016

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:4206838

Access Statistics for this paper

More papers in Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().