The Economic Impact of ISO 14000: Some Preliminary Findings
This study provides empirical evidence on the long-term economic impact of ISO 14000, an environmental management system, on manufacturing companies. We estimated abnormal changes in various financial performance measures, including return on assets (ROA), return on sales (ROS), and sales growth, in ISO 14000 adopting firms. Based on a sample of 317 active publicly listed manufacturing companies that adopted ISO 14000 between 1998 and 2007, we found that the adoption of ISO 14000 had a significant positive impact on ROA, ROS, and sales growth over a three-year period after ISO 14000 certification. Depending on the methods of calculating abnormal performance, the median increases in ROA and ROS ranged from 0.3％ to 0.6％ and 1.0％ to 1.1％, respectively. The median increase in sales growth rate ranged from 0.8％ to 1.3％.
ISO 14000 Empirical Analysis Financial Performance
Chris K.Y.Lo Andy C.L.Yeung T.C.E.Cheng
Institute of Textiles and Clothing Department of Logistics and Maritime studies The Hong Kong Polytechnic University, Hung Hom, Hong Ko
国际会议
香港·广州
英文
945-950
2010-07-25（万方平台首次上网日期，不代表论文的发表时间）