Record Details

Assessing the Impact of Internationally Recognized Quality Standards on the Business Performance of Firms

International Journal of Economic Practices and Theories

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Field Value
 
Title Assessing the Impact of Internationally Recognized Quality Standards on the Business Performance of Firms
 
Creator Rajapaksha, Chathurika
Edirisinghe, Jagath Chaminda
 
Subject Business; Economics;Econometrics and statistics
Firm performance, Quality standards, Treatment effects model
L23
 
Description Internationally recognized quality standards are obtained by many firms with the intention of enhancing their corporate reputation. A question prevails whether this decision ultimately addresses the establishment’s main financial objective of shareholder wealth maximization. The objective of this study is to examine the impact on the business performance of firms through certification and also to identify the factors that influence a firm to obtain international quality standards. Secondary data obtained from 606 firms from Sri Lanka is analysed using a Treatment Effects Model. The results reveal that obtaining quality standards has a significant positive impact on business performance of firms. We find higher probability of adoption of quality standards for firms in the food industry. Experience of the top management, firm size, investment on research and development, new technology, new logistic and business processes also increases the probability of obtaining certification.
 
Publisher International Journal of Economic Practices and Theories
 
Contributor —
 
Date 2014-07-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ijept.org/index.php/ijept%20/article/view/Assessing_the_Impact_of_Internationally_Recognized_Quality_Standards_on_the_Business_Performance_of_Firms
 
Source International Journal of Economic Practices and Theories; Vol 4, No 4 (2014); 437-443
2247 – 7225
 
Language eng
 
Relation http://www.ijept.org/index.php/ijept%20/article/view/Assessing_the_Impact_of_Internationally_Recognized_Quality_Standards_on_the_Business_Performance_of_Firms/pdf_17