Impact of ISO 14 001, ISO 9 001 and ISO 45 001 on economic performance and competitive potential of European companies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F24%3APU155201" target="_blank" >RIV/00216305:26510/24:PU155201 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.cjournal.cz/index.php?hid=clanek&bid=aktualni&cid=561&cp=" target="_blank" >https://www.cjournal.cz/index.php?hid=clanek&bid=aktualni&cid=561&cp=</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7441/joc.2024.04.11" target="_blank" >10.7441/joc.2024.04.11</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Impact of ISO 14 001, ISO 9 001 and ISO 45 001 on economic performance and competitive potential of European companies

Popis výsledku v původním jazyce

In this paper, we investigate the impact of voluntary standards and approaches in environmental management (ISO 14 000 or EMS), quality management (ISO 9000) and occupational health and safety management (OHSAS 45001) on economic performance of European companies. From the perspective of business practices, implementation of these standards is currently considered as one of the basic tools for building competitive potential of companies. We used a sample of 442 European listed companies for the period 2017-2021. The key analytical tools utilized to identify and model the relationships between management system certifications and economic variables were multivariate regression analysis and logistic regression. The study has found no significant direct impact of ISO certifications on economic performance. The expected benefits of these certifications are context-dependent and are influenced by existing regulatory frameworks and market maturity. The study suggests insignificant effects of these certifications in mature, highly regulated markets. Another finding is that firms with lower economic performance are more likely to adopt management system certifications, supporting the hypothesis that firms with lower productivity seek certification to achieve efficiency gains and build basic competitive advantages. The findings are set in the context of a strict regulatory environment in Europe, where existing regulation may mitigate other benefits of certifications. The study also considers the potential saturation of certifications in developed economies, which could reduce their competitive advantage. The analysis includes a time series covering the pre-pandemic and pandemic periods and finds no significant benefits of these certifications for economic resilience during COVID-19.

Název v anglickém jazyce

Impact of ISO 14 001, ISO 9 001 and ISO 45 001 on economic performance and competitive potential of European companies

Popis výsledku anglicky

In this paper, we investigate the impact of voluntary standards and approaches in environmental management (ISO 14 000 or EMS), quality management (ISO 9000) and occupational health and safety management (OHSAS 45001) on economic performance of European companies. From the perspective of business practices, implementation of these standards is currently considered as one of the basic tools for building competitive potential of companies. We used a sample of 442 European listed companies for the period 2017-2021. The key analytical tools utilized to identify and model the relationships between management system certifications and economic variables were multivariate regression analysis and logistic regression. The study has found no significant direct impact of ISO certifications on economic performance. The expected benefits of these certifications are context-dependent and are influenced by existing regulatory frameworks and market maturity. The study suggests insignificant effects of these certifications in mature, highly regulated markets. Another finding is that firms with lower economic performance are more likely to adopt management system certifications, supporting the hypothesis that firms with lower productivity seek certification to achieve efficiency gains and build basic competitive advantages. The findings are set in the context of a strict regulatory environment in Europe, where existing regulation may mitigate other benefits of certifications. The study also considers the potential saturation of certifications in developed economies, which could reduce their competitive advantage. The analysis includes a time series covering the pre-pandemic and pandemic periods and finds no significant benefits of these certifications for economic resilience during COVID-19.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Competitiveness

ISSN

1804-1728

e-ISSN

—

Svazek periodika

16

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

23

Strana od-do

219-241

Kód UT WoS článku

001399025600011

EID výsledku v databázi Scopus

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