A study on the economic benefits of the Government Quality Award in the Chinese context

How do firms obtain benefits from quality awards: An empirical study of the winners of the China quality award

“…Establishing QA is an effective method for many countries and regions to enhance the competitiveness of the industry (Salimova et al ., 2021). Whether winning a QA provides financial and performance advantages over the competition is a concern for many studies (Wen et al ., 2015). The results from existing studies have been largely mixed.…”

“…With a considerable number of Chinese companies focusing on quality management, China has received the highest number of ISO 9001 certifications in recent years (Ikram et al ., 2020). Besides, considering that the authority of the government is strengthened in Chinese culture, the Chinese government plays a significant role in promoting PEM (Wen et al ., 2015). These dimensions require researchers to scrutinize the impact of CQA on companies.…”

“…The results of the relationship are not all significant and positive in various economies and cultures (Lin et al ., 2013; Safari et al ., 2020; Tuck, 2005). Since China is an emerging economy and a major manufacturing country (Zhang et al ., 2021), and the importance Chinese companies have placed on quality management in recent years (Ikram et al ., 2020), as well as China's strong government control (Wen et al ., 2015), the discussion of the relationship between CQA and performance is necessary. In addition, few studies explained the relationship between QA and performance from the perspective of mainstream theories.…”

“…Besides, considering that the authority of the government is strengthened in Chinese culture, the Chinese government plays a significant role in promoting PEM (Wen et al, 2015). These dimensions require researchers to scrutinize the impact of CQA on companies.…”

Collecting badges: Understanding the gold rush for business excellence awards

“…In this regard, the U.K. Small Firms Research Award for Research and Technology (SMART) award has been shown to influence banks' attitudes towards the business models and proposals of the winners, making them more likely to extend finance to these businesses (Keogh & Pearson, 1992). Elsewhere, in China, the ‘Government Quality Award’, which has been administered since 2004, is credited with providing a benefit‐to‐cost ratio, in terms of revenue growth, of over 700: 1 for award‐winning enterprises (Wen et al, 2017). Taking a cue from the notion that ‘success breeds success’, many investors frequently rely on BEAs as an indicator for selecting and choosing where to invest (Cazzell & Ulmer, 2009; DeFond et al, 2013).…”