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Working paper

Effects of the QMS ISO 9000 Certification on Russian Manufacturing Companies

Vynaryk V., Hanley A.
Here is an analysis of the effect of the ISO 9000 certification on the economical results of Russian companies through the use of the propensity score matching (PSM) method, a method which had proven itself reliable at dealing with the selection problems that were highly likely to arise in this research. Informational dataset is built on the basis of a sample of the Industrial companies competitiveness monitoring project, conducted in 2009 by the Institute for Industrial and Market Studies at HSE. The empirical study methodology is given: hypothesis, informational dataset and model of effects evaluation. The main finding of the paper is that holding the ISO 9001 certificate by a Russian manufacturing company stimulates its profitability and reduces costs, but does not lead to sales and asset turnover rises.