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previous research on the relationship of Wiersema, 1981; Craig and Douglas, 1982, Garvin, 1983; Honey et al, 1995) The purpose of this study is to examine how Baldrige Winners awarding performed with profitability and market metrics. We assess the Baldrige respect some accounting financial performance award-winning control relative to the industry standard which is better when compared to the Group of companies of the same size and t company significantly similar. our results show that the award-winning action group. In our benchmark in terms of accounting and financial performance regression when we control all other differences also affect the value of the company, leverage and intangible assets, we find the awards such as the size of the companies, the profitability, the company that is comparable in the winners rated 11 percent higher than the stated control samples. The award-winning this suggests that superior financial performance and valued higher by investors An interesting question here is whether the awards add value to the winner or winners are companies more successful to start with. our investigation seems to support then. This award could add value to the winner if the signal quality and effective leadership prod11rt sinerior in the company of previous winners. This result shows that the companies that win the award was more successful companies in their respective industries before and after the awards. Part II presents an overview of literature as the rest of the paper. Part III discusses the construction of our testing and the samples matched, and methodology. The process of collecting samples and charactcristics of samples discussed in section IV. Section V presents the empirical results on the company's values, and the final section provides a summary and conclusion II. background research although there are a number of theoretical and empirical studies examining the performance (e.g. Lawler et al, 1995, the relationship between quality, cost and Hendricks and Singhal, 1996), there is still a shortage of studies that have investigated the performance of the financial impact of using the award winning quality financial data company. Howeyer, since this study focuses on the financial extcrnally of the available studies that focus on the company's Baldrige. A review of empirical studies of the good from that performance, using both the markets and the accounting variables, other related financial quality award can be found at Easton and Jarrell (1996)
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