We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
MARKET INTERPRETATION OF ISO 9000 REGISTRATION.
- Authors
Docking, Diane Scott; Dowen, Richard J.
- Abstract
Since 1990, many U.S. firms have registered under the provisions of the ISO 9000 standard. Meeting the qualifications of this registration requires considerable time and money. To this point, the justification has been put in terms of management commitment to quality, cost reduction, or opening new markets, particularly international markets. We contribute by examining the reaction of the firms' stock price to the announcement of ISO 9000 registration. We find that for the smallest firms, ISO 9000 registration is regarded as positive information by investors. We also find that the market reaction to ISO 9000 registration is sensitive to the signing of the Maastricht Treaty in 1992.
- Subjects
UNITED States; ISO 9000 Series Standards; AMERICAN business enterprises; INTERNATIONAL markets; STOCK prices; EMERGING markets; INVESTORS; QUALITY control standards
- Publication
Journal of Financial Research, 1999, Vol 22, Issue 2, p147
- ISSN
0270-2592
- Publication type
Article
- DOI
10.1111/j.1475-6803.1999.tb00720.x