Impact of ISO Certifications on Corporate Financial Performance: Evidence from Istanbul Stock Exchange-Listed Manufacturing Companies

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dc.authoridDurak Usar, Damla/0000-0001-8402-3856
dc.contributor.authorUsar, Damla Durak
dc.date.accessioned2025-02-20T08:42:13Z
dc.date.available2025-02-20T08:42:13Z
dc.date.issued2024
dc.departmentTürk-Alman Üniversitesien_US
dc.description.abstractThe literature has reached a consensus that ISO standardization enhances the Environmental, Social, and Governance (ESG) performance of companies, which in turn has a positive effect on corporate financial performance (CFP). There is less understanding in terms of the effect of different certifications and underlying mechanisms between the effect of the ISO certification on the CFP. The purpose of this paper is to investigate the impact of different ISO certifications on the CFP of Turkish companies listed on the Istanbul Stock Exchange (BIST). Based on audited financial statements of a population of 148 manufacturing companies listed during 2010-2022 and using the generalized method of moments (GMM) technique, this study shows that the number of ISO certifications has a positive impact on return on asset (ROA) and Tobin's Q, however, no direct effect on operational efficient and R&D intensity. While there is no effect of the occupational health and safety management systems certification on ROA and Tobin's Q, the analysis brought forward that ROA seems to be positively affected by the standards referring to environmental, energy, quality, and information security management systems certification while Tobin's Q is positively affected by the last two certifications.
dc.identifier.doi10.3390/su16167021
dc.identifier.issn2071-1050
dc.identifier.issue16en_US
dc.identifier.scopus2-s2.0-85202603220
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.3390/su16167021
dc.identifier.urihttps://hdl.handle.net/20.500.12846/1565
dc.identifier.volume16en_US
dc.identifier.wosWOS:001304810800001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorUsar, Damla Durak
dc.language.isoen
dc.publisherMdpi
dc.relation.ispartofSustainability
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250220
dc.subjectcorporate financial performanceen_US
dc.subjectESGen_US
dc.subjectISO certificationsen_US
dc.subjectpanel dynamic modelen_US
dc.subjectsupply chain tieren_US
dc.subjectC33en_US
dc.subjectL60en_US
dc.subjectQ01en_US
dc.titleImpact of ISO Certifications on Corporate Financial Performance: Evidence from Istanbul Stock Exchange-Listed Manufacturing Companies
dc.typeArticle

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