The financial impact of standard stringency: An event study of successive generations of the ISO 9000 standard

Stephen J. McGuire; David M. Dilts

doi:10.1016/j.ijpe.2007.02.045

The financial impact of standard stringency: An event study of successive generations of the ISO 9000 standard

Stephen J. McGuire, David M. Dilts

Research output: Contribution to journal › Article › peer-review

72 Scopus citations

Abstract

While ISO 9000 has been shown to improve internal metrics of firm performance, external measurements may be unaffected. This paper examines the economic value of successive generations of the ISO 9000 standard by assessing the equity returns of 204 firms certified between 1999 and 2002. This study also examines the economic effects of ISO 9001:2000 versus the superseded 1994 standards. The complete sample experienced no significant changes in stock price. The market reaction to ISO 9001:2000 certification is significantly more positive than the reaction to ISO 9000:1994 registration.

Original language	English (US)
Pages (from-to)	3-22
Number of pages	20
Journal	International Journal of Production Economics
Volume	113
Issue number	1
DOIs	https://doi.org/10.1016/j.ijpe.2007.02.045
State	Published - May 2008
Externally published	Yes

Keywords

Event study
ISO 9000
Quality
Standard stringency

ASJC Scopus subject areas

Business, Management and Accounting(all)
Economics and Econometrics
Management Science and Operations Research
Industrial and Manufacturing Engineering

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10.1016/j.ijpe.2007.02.045

Cite this

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The financial impact of standard stringency: An event study of successive generations of the ISO 9000 standard

Abstract

Keywords

ASJC Scopus subject areas

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