Determinants of a Firm's Iso 14001 Certification: An Empirical Study of Taiwan

Wu, Soon‐Yi; Chu, Po-Young; Liu, Tzu Yar

doi:10.1111/j.1468-0106.2007.00365.x

Cited by 31 publications

(39 citation statements)

References 31 publications

(69 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Uniquely, and indicating that trading-up dynamics are not restricted to ISO14001, we also demonstrate that if a country mainly exports to markets characterized by a high density of participants this is associated with higher domestic participation in the GC. Our result for ISO14001 is far from surprising: evidence reveals that a key motive for certification of this "business" standard has been anticipated or real demand from customers in major export markets (Bansal and Hunter, 2003;Kollman and Prakash, 2002;Wu, Chu, and Liu, 2007).…”

Section: Discussionmentioning

confidence: 91%

Geographic Variations in the Early Diffusion of Corporate Voluntary Standards: Comparing ISO 14001 and the Global Compact

2010

View full text Add to dashboard Cite

Despite their availability to firms across the world, uptake of global voluntary standards has proceeded unevenly across countries over time. In this article, we seek to provide new insights into how geography shapes these spatio-temporal variations, focusing on two leading examples of codified voluntarism: ISO14001 and the Global Compact (GC).Advancing on previous quantitative studies, which have analyzed domestic and nondomestic influences separately, we examine how the internal attributes of place "condition" the influence of transnational spatial interdependencies. We find that higher levels of ISO14001 certification in other economies are more likely to spillover (via transnational linkages) into higher domestic uptake of the standard in wealthier economies, while domestic receptivity to the influence of higher GC adoptions abroad is greater in more democratic countries. Another important advance on previous studies is that we examine the influence of a larger number of measures of transnational economic linkage. Providing evidence of "trading-up" and "investing-up" dynamics, we show that higher densities of ISO14001 certificates and GC participants in a country's export and inward FDI partners is associated with higher levels of domestic uptake of the respective standard. We also find tentative evidence of "visiting-up" dynamics associated with the cross-border movement of businesspeople.2

show abstract

Section: Discussionmentioning

confidence: 91%

Geographic Variations in the Early Diffusion of Corporate Voluntary Standards: Comparing ISO 14001 and the Global Compact

2010

View full text Add to dashboard Cite

show abstract

“…Finally, existing studies also provide evidence that the impact of the size of a company on its extra-financial performance, its CRS strategy disclosure and its decision to undertake a SR action is also positive (Nakamura et al 2001;Wu et al 2007;Nishitani 2009;Reverte 2009;Ziegler and Schröder 2010).…”

Section: Firm Sizementioning

confidence: 95%

“…The second strand of literature deals with the determinants of CSR decisions or corporations' extra-financial performance. As such, several studies analyze the reasons explaining voluntary adoption of environmental standards and identify the different variables determining the probability to adopt ISO 14001 certification for example (Nakamura et al 2001;Welch et al 2002;Bansal and Hunter 2003;Wu et al 2007;Nishitani 2009). 2 In a more general attempt to take into account the three dimensions of ESG, McGuirre et al (1988) and Waddock and Graves (1997) propose potential explanations for the extra-financial ratings provided by Fortune magazine and the KLD rating agency.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Identifying the Determinants of the Decision to Create Socially Responsible Funds: An Empirical Investigation

Peillex

Ureche-Rangau

2014

J Bus Ethics

View full text Add to dashboard Cite

This paper proposes an empirical assessment of the main factors behind the decision of a corporate sponsor to launch a socially responsible (SR) fund. Our analysis is performed on a database that encompasses 414 SR fund creations by 46 corporate sponsors between 1990 and 2012. We provide evidence that economic and human resources slack, leverage, low media coverage and high extra-financial performance of the corporate sponsor contribute to an increase of the probability to propose SR funds. These results lead us to argue that the introduction of such funds goes beyond the economic objective of enlarging the market share of the corporate sponsor. It may thus be seen as a particular strategy in terms of communication and signaling, due to the specific characteristics of SR funds.

show abstract

“…Additionally, such enterprises have more resources (manpower and material and financial resources), technical capability, wherewithal, and motivation than small to medium-sized enterprises and thus are better positioned to achieve sustainable development. Finally, enterprises must devote considerable resources to establishing and maintaining the ISO 14001 environmental management system to upgrade their environmental performance and achieve sustainable development (Wu et al, 2007). Additionally, Hartman et al (1997) have observed that enterprise size influences its environmental performance; owing to the benefits of pollution prevention equipment depending on enterprise scope and size, with large enterprises being more likely to seek to become ISO 14001-certified.…”

Section: Evidence-based Discussionmentioning

confidence: 99%

Financial performance in Taiwans ISO14001 environmental management systems (EMS)

Lin¹,

Liu²

2011

Afr. J. Bus. Manage.

View full text Add to dashboard Cite

Numerous empirical studies have examined how voluntary environmental adoption and financial performance are related in enterprises from industrialized countries; little attention has been paid to Taiwanese enterprises. This work empirically explores how ISO14001 environmental management systems (EMS) influences the financial performance of Taiwan Stock Exchange (TSE) and over the counter (OTC) listed adopted companies in Taiwan. Based on a sample of 369 ISO14001 certified firms and 706 non-certified firms, the regression results showed that firm age and scale influence firm decisions regarding whether to acquire ISO14001 certification. Measures of profitability, productivity and Research and Development (R and D) competence do not indicate any significant differences between ISO14001 certified and non-certified companies in terms of their financial performance. Since the institutional forces such as greening supply chain pressures have become the major driver of the moves of Taiwanese firms towards more environmentally responsible operations, the estimation results demonstrate that Taiwanese firms regard the ISO14001 standard as an acceptable means of seeking legitimacy, establishing trust and long-term relationships with a wide range of stakeholders, and deflecting the scrutiny and interest of watchdog agencies and other interested parties worldwide; thus, no significant correlation exists between environmental and financial performance.

show abstract

Determinants of a Firm's Iso 14001 Certification: An Empirical Study of Taiwan

Cited by 31 publications

References 31 publications

Geographic Variations in the Early Diffusion of Corporate Voluntary Standards: Comparing ISO 14001 and the Global Compact

Geographic Variations in the Early Diffusion of Corporate Voluntary Standards: Comparing ISO 14001 and the Global Compact

Identifying the Determinants of the Decision to Create Socially Responsible Funds: An Empirical Investigation

Financial performance in Taiwans ISO14001 environmental management systems (EMS)

Contact Info

Product

Resources

About