Is ISO 14001 certification effective?: an experimental analysis of firm profitability

Detalhes bibliográficos
Autor(a) principal: Ferron,Renato Tognere
Data de Publicação: 2012
Outros Autores: Funchal,Bruno, Nossa,Valcemiro, Teixeira,Aridelmo J. C.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: BAR - Brazilian Administration Review
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922012000500006
Resumo: This paper examines the effect environmental management certification (ISO 14001) has on publicly traded Brazilian companies profitability. Signaling theory predicts that the certification serves to signal to society good environmental behavior; allowing people to screen the different types of firms, improving the financial-economic performance of those firms that engage in this behavior. We performed difference-in-difference fixed effect design comparing the financial performance of companies with and without certification of their environmental management systems, using data on 552 companies over the period from 1996 to 2008. The results indicate that firms with an environmental management system certified according to the NBR ISO 14001:2004 standard tended to be more profitable, on average, than firms without certification.
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spelling Is ISO 14001 certification effective?: an experimental analysis of firm profitabilitycertificationprofitabilityNBR ISO 14001:2004This paper examines the effect environmental management certification (ISO 14001) has on publicly traded Brazilian companies profitability. Signaling theory predicts that the certification serves to signal to society good environmental behavior; allowing people to screen the different types of firms, improving the financial-economic performance of those firms that engage in this behavior. We performed difference-in-difference fixed effect design comparing the financial performance of companies with and without certification of their environmental management systems, using data on 552 companies over the period from 1996 to 2008. The results indicate that firms with an environmental management system certified according to the NBR ISO 14001:2004 standard tended to be more profitable, on average, than firms without certification.ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração2012-05-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922012000500006BAR - Brazilian Administration Review v.9 n.spe 2012reponame:BAR - Brazilian Administration Reviewinstname:Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)instacron:ANPAD10.1590/S1807-76922012000500006info:eu-repo/semantics/openAccessFerron,Renato TognereFunchal,BrunoNossa,ValcemiroTeixeira,Aridelmo J. C.eng2012-05-14T00:00:00Zoai:scielo:S1807-76922012000500006Revistahttp://www.scielo.br/scielo.php?script=sci_serial&pid=1807-7692&lng=pt&nrm=isohttps://old.scielo.br/oai/scielo-oai.php||bar@anpad.org.br1807-76921807-7692opendoar:2012-05-14T00:00BAR - Brazilian Administration Review - Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)false
dc.title.none.fl_str_mv Is ISO 14001 certification effective?: an experimental analysis of firm profitability
title Is ISO 14001 certification effective?: an experimental analysis of firm profitability
spellingShingle Is ISO 14001 certification effective?: an experimental analysis of firm profitability
Ferron,Renato Tognere
certification
profitability
NBR ISO 14001:2004
title_short Is ISO 14001 certification effective?: an experimental analysis of firm profitability
title_full Is ISO 14001 certification effective?: an experimental analysis of firm profitability
title_fullStr Is ISO 14001 certification effective?: an experimental analysis of firm profitability
title_full_unstemmed Is ISO 14001 certification effective?: an experimental analysis of firm profitability
title_sort Is ISO 14001 certification effective?: an experimental analysis of firm profitability
author Ferron,Renato Tognere
author_facet Ferron,Renato Tognere
Funchal,Bruno
Nossa,Valcemiro
Teixeira,Aridelmo J. C.
author_role author
author2 Funchal,Bruno
Nossa,Valcemiro
Teixeira,Aridelmo J. C.
author2_role author
author
author
dc.contributor.author.fl_str_mv Ferron,Renato Tognere
Funchal,Bruno
Nossa,Valcemiro
Teixeira,Aridelmo J. C.
dc.subject.por.fl_str_mv certification
profitability
NBR ISO 14001:2004
topic certification
profitability
NBR ISO 14001:2004
description This paper examines the effect environmental management certification (ISO 14001) has on publicly traded Brazilian companies profitability. Signaling theory predicts that the certification serves to signal to society good environmental behavior; allowing people to screen the different types of firms, improving the financial-economic performance of those firms that engage in this behavior. We performed difference-in-difference fixed effect design comparing the financial performance of companies with and without certification of their environmental management systems, using data on 552 companies over the period from 1996 to 2008. The results indicate that firms with an environmental management system certified according to the NBR ISO 14001:2004 standard tended to be more profitable, on average, than firms without certification.
publishDate 2012
dc.date.none.fl_str_mv 2012-05-01
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dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1807-76922012000500006
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dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S1807-76922012000500006
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.publisher.none.fl_str_mv ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração
publisher.none.fl_str_mv ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração
dc.source.none.fl_str_mv BAR - Brazilian Administration Review v.9 n.spe 2012
reponame:BAR - Brazilian Administration Review
instname:Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
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reponame_str BAR - Brazilian Administration Review
collection BAR - Brazilian Administration Review
repository.name.fl_str_mv BAR - Brazilian Administration Review - Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
repository.mail.fl_str_mv ||bar@anpad.org.br
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