2021
DOI: 10.1108/ijqrm-04-2020-0127
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Stock price reaction on ISO 9001 certification announcement: evidence from Indonesia

Abstract: PurposeCertification information published by a company will be responded by the market. Therefore, the purpose of this study is to examine the impact of ISO 9001 certification on the stock market reaction as indicated by stock returns reaction of companies in Indonesia.Design/methodology/approachThis study used event study method with the period of 13 days. It consists of 6 days before and after ISO 9001 certification announcement and 1 day at the time of the event. It analyzed by using pair sample t-test and… Show more

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Cited by 4 publications
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“…Content analysis of the 112 articles indicates that the vast majority of the articles deal with quality management at the micro level, in relation to the functioning of individual organizations. Most often, the conclusions concern the positive impact of QMS on the functioning of the organization (Ibtissam et al, 2023;Aldabbas et al, 2020) and, consequently, on the financial results of running the business (Idris, Durmu_oğlu, 2023;Vanichchinchai, 2022;Slakey et al, 2021;Zimon et al, 2018) and even on the stock priceas a result of the publicity about obtaining <ISO 9001 certification= (Kiryanto et al, 2022). But of course, the detailed results depend on the specifics of each organization (Damic, 2022).…”
Section: Literature Review Resultsgeneral Approachmentioning
confidence: 99%
“…Content analysis of the 112 articles indicates that the vast majority of the articles deal with quality management at the micro level, in relation to the functioning of individual organizations. Most often, the conclusions concern the positive impact of QMS on the functioning of the organization (Ibtissam et al, 2023;Aldabbas et al, 2020) and, consequently, on the financial results of running the business (Idris, Durmu_oğlu, 2023;Vanichchinchai, 2022;Slakey et al, 2021;Zimon et al, 2018) and even on the stock priceas a result of the publicity about obtaining <ISO 9001 certification= (Kiryanto et al, 2022). But of course, the detailed results depend on the specifics of each organization (Damic, 2022).…”
Section: Literature Review Resultsgeneral Approachmentioning
confidence: 99%