J 2013

Association between Quality Management and Financial Performance

POKORNÁ, Jana

Basic information

Original name

Association between Quality Management and Financial Performance

Authors

POKORNÁ, Jana (203 Czech Republic, guarantor, belonging to the institution)

Edition

Acta Universitatis Bohemiae Meridionales, 2013, 1212-3285

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50600 5.6 Political science

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

RIV identification code

RIV/00216224:14560/13:00071939

Organization unit

Faculty of Economics and Administration

Keywords in English

Financial Performance; ISO 9001; Costs of Quality; Quality Management

Tags

Reviewed
Změněno: 10/2/2014 10:01, Ing. Jana Pokorná, Ph.D.

Abstract

V originále

This paper deals with quality management using ISO 9001 certificate and other similar certificates and with Costs of Quality. Numerous studies claim that quality management increases a company’s performance, mainly measured by operational indicators. The paper aims to find out if there is also a relationship between implementing these tools in a company and higher financial results. An analysis was carried out on a sample of 548 medium-sized and large companies based in the Czech Republic, by way of an extensive questionnaire survey. Financial performance was measured by means of the return on assets indicator between the years 2005-2011. The findings proved that ISO 9001 and other certificates are quite widespread. Costs of Quality, however, are of little interest to companies. Better financial performance in companies which aim at quality management has not been confirmed.

Links

MUNI/A/0738/2012, interní kód MU
Name: Vliv kvality na výkonnost a konkurenceschopnost podniku
Investor: Masaryk University, Category A