Dick, Gavin P.M., Heras?Saizarbitoria, Iñaki, Molina-Azorin, Jose F. (2011) ISO 14001 certification and financial performance: Selection effect versus treatment effect? Journal of Cleaner Production, 19 (1). pp. 1-12. ISSN 0959-6526. (doi:10.1016/j.jclepro.2010.09.002) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:23921)
The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication) | |
Official URL http://dx.doi.org/10.1016/j.jclepro.2010.09.002 |
Abstract
The paper explores the bi-directional relationship between ISO 14001 certification and financial performance with the aim of shedding light on whether better performance is due to the beneficial effects of ISO 14001 or due to selection-effects where better performance precedes accreditation. The study uses a five year longitudinal analysis to compare the financial performance of firms in Spain before and after certification. The results of a multivariate panel data analysis find that firms with better than average performance have a greater propensity to pursue accreditation but there is no evidence that improvements in performance follow certification. This suggests that the inference that environmental variables cause improved financial performance may be unwise in research studies that can only measure association.
Item Type: | Article |
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DOI/Identification number: | 10.1016/j.jclepro.2010.09.002 |
Uncontrolled keywords: | Environmental management; Certification; ISO 14001; Financial performance; Causation |
Subjects: | H Social Sciences |
Divisions: | Faculties > Social Sciences > Kent Business School |
Depositing User: | Rebecca Stevenson |
Date Deposited: | 22 Mar 2010 12:15 UTC |
Last Modified: | 28 May 2019 15:18 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/23921 (The current URI for this page, for reference purposes) |
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