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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

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  • Mihaela Iona?cu

    (The Bucharest Academy of Economic Studies, Romania)

  • Ion Iona?cu

    (The Bucharest Academy of Economic Studies, Romania)

  • Marian Sacarin

    (The Bucharest Academy of Economic Studies, Romania)

  • Mihaela Minu

Abstract

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.

Suggested Citation

  • Mihaela Iona?cu & Ion Iona?cu & Marian Sacarin & Mihaela Minu, 2017. "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 AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(44), pages 166-166, February.
    • Handle: RePEc:aes:amfeco:v:s10:y:2017:i:18:p:166
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    References listed on IDEAS

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    Cited by:

    1. Kwabena Agyarko Gyekye & Joseph Akadeagre Agana & Kwame Mireku & Daniel Domeher & Eric Tieku Koranteng, 2024. "The effect of corporate social responsibility on firm performance: Insights from ISO 9001‐certified manufacturing firms in Ghana," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1667-1676, May.
    2. Laura PANOIU & Licu?a PETRIA, 2019. "Approaches Regarding Occupational Health And Safety Management In European And National Contexts," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(4), pages 39-45.
    3. Renáta Cződörová & Jozef Gnap, 2023. "Investigation of the Effectiveness of the Introduction of the Quality Management System According to the ISO 9001 Standard in Transport Companies: Slovakia Case Study," Sustainability, MDPI, vol. 15(3), pages 1-16, January.
    4. Mihaela Ionascu & Ion Ionascu & Marian Sacarin & Mihaela Minu, 2018. "Women on Boards and Financial Performance: Evidence from a European Emerging Market," Sustainability, MDPI, vol. 10(5), pages 1-18, May.

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    More about this item

    Keywords

    ISO 9001; ISO 14001; OHSAS 18001; quality management; environmental management; occupational health and safety management; financial performance;
    All these keywords.

    JEL classification:

    • D29 - Microeconomics - - Production and Organizations - - - Other
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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