Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange
The purpose of this paper is to investigate the impact of ISO 9001, ISO 14001 and OHSAS 18001 certification on the financial performance of Romanian companies listed on the Bucharest Stock Exchange (BSE). Based on audited financial statements of a population of 67 non-financial companies listed duri...
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| Format: | Article |
| Language: | English |
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Editura ASE
2017-02-01
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| Series: | Amfiteatru Economic |
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| Online Access: | http://www.amfiteatrueconomic.ro/temp/Article_2600.pdf |
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| author | Mihaela Ionașcu Ion Ionașcu Marian Săcărin Mihaela Minu |
| author_facet | Mihaela Ionașcu Ion Ionașcu Marian Săcărin Mihaela Minu |
| author_sort | Mihaela Ionașcu |
| collection | DOAJ |
| description | The purpose of this paper is to investigate the impact of ISO 9001, ISO 14001 and OHSAS 18001 certification on the financial performance of Romanian companies listed on the Bucharest Stock Exchange (BSE). Based on audited financial statements of a population of 67 non-financial companies listed during 2013-2015 and using regression models, this paper shows, for the first time in Romania, that companies listed on BSE, implementing complex management systems (quality – environmental and/or occupational health and safety) perform better, and that their performance is directly linked to the complexity of the management systems implemented. |
| format | Article |
| id | doaj-art-e8d87652db3b478186e217567848cdc5 |
| institution | OA Journals |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2017-02-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-e8d87652db3b478186e217567848cdc52025-08-20T02:03:58ZengEditura ASEAmfiteatru Economic1582-91462247-91042017-02-011944166180Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock ExchangeMihaela Ionașcu0Ion Ionașcu1Marian Săcărin 2Mihaela Minu3Bucharest University of Economic StudiesThe Bucharest University of Economic Studies, RomaniaThe Bucharest University of Economic Studies, RomaniaThe Bucharest University of Economic Studies, RomaniaThe purpose of this paper is to investigate the impact of ISO 9001, ISO 14001 and OHSAS 18001 certification on the financial performance of Romanian companies listed on the Bucharest Stock Exchange (BSE). Based on audited financial statements of a population of 67 non-financial companies listed during 2013-2015 and using regression models, this paper shows, for the first time in Romania, that companies listed on BSE, implementing complex management systems (quality – environmental and/or occupational health and safety) perform better, and that their performance is directly linked to the complexity of the management systems implemented.http://www.amfiteatrueconomic.ro/temp/Article_2600.pdfISO 9001ISO 14001OHSAS 18001quality managementenvironmental managementoccupational health and safety managementfinancial performance |
| spellingShingle | Mihaela Ionașcu Ion Ionașcu Marian Săcărin Mihaela Minu Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange Amfiteatru Economic ISO 9001 ISO 14001 OHSAS 18001 quality management environmental management occupational health and safety management financial performance |
| title | Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange |
| title_full | Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange |
| title_fullStr | Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange |
| title_full_unstemmed | Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange |
| title_short | Exploring the Impact of ISO 9001, ISO 14001 and OHSAS 18001 Certification on Financial Performance: The Case of Companies listed on the Bucharest Stock Exchange |
| title_sort | exploring the impact of iso 9001 iso 14001 and ohsas 18001 certification on financial performance the case of companies listed on the bucharest stock exchange |
| topic | ISO 9001 ISO 14001 OHSAS 18001 quality management environmental management occupational health and safety management financial performance |
| url | http://www.amfiteatrueconomic.ro/temp/Article_2600.pdf |
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