Operating and Earnings Performance of Quality Certified Listed Firms

Journal of Business & Economics Research, Vol. 6, No. 9, pp. 1-14, 2008

14 Pages Posted: 1 Jan 2010

See all articles by Eurico J. Ferreira

Eurico J. Ferreira

Indiana State University

Amit Sinha

Bradley University - Department of Finance

Dale Varble

affiliation not provided to SSRN

Date Written: September 1, 2008

Abstract

With a large number of US firms, obtaining the ISO 9000 quality certification, this article attempts to investigate the impact of the certification on operating and financial performance. Our results indicate the benefits of the certification may be limited and may depend on the time period in consideration, and the sample of firms used for comparing firm performance. Also investors usually do not perceive the ISO certified firms to have a higher quality of earnings and not willing to pay more for earnings from such firms.

Keywords: ISO9000 quality certification, abnormal operating performance, and control firms

JEL Classification: G32, G33, G34

Suggested Citation

Ferreira, Eurico J. and Sinha, Amit and Varble, Dale, Operating and Earnings Performance of Quality Certified Listed Firms (September 1, 2008). Journal of Business & Economics Research, Vol. 6, No. 9, pp. 1-14, 2008, Available at SSRN: https://ssrn.com/abstract=1529987

Eurico J. Ferreira (Contact Author)

Indiana State University ( email )

Terre Haute, IN 47809
United States

Amit Sinha

Bradley University - Department of Finance ( email )

1501 West Bradley Avenue
Peoria, IL 61625
United States
3096773582 (Phone)

Dale Varble

affiliation not provided to SSRN ( email )

No Address Available

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