Certification and business risk

Arbeitspapier

The purpose of this paper is to investigate the scope for international private standards to play a role in reducing business risk. Business risk is measured as variability in revenue, customer base, informal payments, and temporary firm closure. The results show lower levels of business risk among certified firms, especially for firms in the middle deciles of the risk distribution. Certification also correlates negatively with risk-reduction for technologically advanced firms, as well as firms located in rural areas and northern provinces of Viet Nam. The results suggest that firms could find protection from business downsides by investing in quality management tools.

Object Details

• ISBN: 978-92-9256-522-0
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Working Paper ; No. 2018/80

Classification and Topics

• Classification: Wirtschaft ; Information and Product Quality; Standardization and Compatibility ; Firm Behavior: Empirical Analysis ; Business Objectives of the Firm ; Business Economics
• Subject: risk ; standards ; certification ; SME ; Viet Nam

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Trifković, Neda
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2018

Further information

• DOI: doi:10.35188/UNU-WIDER/2018/522-0
• Handle: http://hdl.handle.net/10419/190129
• Last update: 10.03.2025, 11:45 AM CET