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Valuation of the option of abandoning ISO 9001 certification: an empirical study in Spain


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Título :
Valuation of the option of abandoning ISO 9001 certification: an empirical study in Spain
Autor :
Sansalvador, Manuel E.  
Brotons, Jose M  
Editor :
Taylor and Francis Group
Departamento:
Departamentos de la UMH::Estudios Económicos y Financieros
Fecha de publicación:
2014-06-25
URI :
https://hdl.handle.net/11000/31871
Resumen :
The main objective of the present work is to provide a tool that facilitates the valuation of the existing option in any business with International Organization for Standardization (ISO) 9001 certification to be able to abandon it if deemed appropriate. By comparing the value of the business under the assumption of whether or not it has implemented the ISO 9001 quality system, a first approximation of the value that this certification benefits the business has been obtained. However, the value thus obtained does not present operational flexibility that permits management to give up the certification. To assess this abandonment option, fuzzy real options were used. This tool is validated with an empirical study in Spain. The proposed methodology is applied at 13 small companies belonging to the same sector. Furthermore, their behaviour in the context of the current Spanish economic crisis is analysed.
Palabras clave/Materias:
quality management
ISO 9000
performance
real option
fuzzy logic
empirical study
Área de conocimiento :
CDU: Ciencias sociales: Economía
Tipo documento :
application/pdf
Derechos de acceso:
info:eu-repo/semantics/closedAccess
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
DOI :
https://doi.org/10.1080/14783363.2014.929231
Aparece en las colecciones:
Artículos Estudios Económicos y Financieros



Creative Commons La licencia se describe como: Atribución-NonComercial-NoDerivada 4.0 Internacional.