{"id":126634,"date":"2024-01-23T11:11:45","date_gmt":"2024-01-23T10:11:45","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/126634\/"},"modified":"2024-11-07T05:44:10","modified_gmt":"2024-11-07T04:44:10","slug":"the-impact-of-csr-certification-on-firm-profitability-wages-and-sales","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/126634\/","title":{"rendered":"The Impact of CSR Certification on Firm Profitability, Wages and Sales"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-126634","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We use synthetic control group methods to analyse the causal impact of CSR certification on the economic performance of a small set of Italian manufacturing firms that underwent SA8000 certification in 2009 or 2010. We find no evidence of a positive or negative impact of SA8000 certification on firm profitability and wages. The only outcome variable for which effects are positive and weakly significant in many instances are firms' turnover to assets ratios. From this we conclude that SA8000 certification has no strong impact on firm profitability and wage costs, but that it may be a viable marketing tool that increases company sales.","onlinedate":"2017-05-22 12:00:00","lang":"English","publication_series":"","publication_date":"20170501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"36","keywords":"[\"Company Performance\",\"Corporate Social Responsibility\",\"SA8000 certification\",\"Synthetic Control Groups\"]","jelcodes":"[]","related_publications":"[]","pdf":368179,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"535","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2017-05-22 12:00:00","types":[44410],"research_groups":[3481],"collaboration":"","persons":[3621,11547,11553],"persons_data":"[{\"personId\":3621,\"personName\":\"Peter Huber\",\"organisationNames\":[]},{\"personId\":11547,\"personName\":\"Eva Abramuszkinov\u00e1 Pavl\u00edkov\u00e1\",\"organisationNames\":[]},{\"personId\":11553,\"personName\":\"Marcela Basovn\u00edkov\u00e1\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Huber, P.<\\\/span>, Abramuszkinov\u00e1 Pavl\u00edkov\u00e1, E., &amp; Basovn\u00edkov\u00e1, M. (2017). <span>The Impact of CSR Certification on Firm Profitability, Wages and Sales<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (535). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60447\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60447<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Huber P<\\\/span>, Abramuszkinov\u00e1 Pavl\u00edkov\u00e1 E, Basovn\u00edkov\u00e1 M. <span class=\\\"title\\\"><span>The Impact of CSR Certification on Firm Profitability, Wages and Sales<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2017 May;(535).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{977ef35307c24fe1af14099cad604157,<\\\/div><div>  title    = \\\"The Impact of CSR Certification on Firm Profitability, Wages and Sales\\\",<\\\/div><div>  abstract = \\\"We use synthetic control group methods to analyse the causal impact of CSR certification on the economic performance of a small set of Italian manufacturing firms that underwent SA8000 certification in 2009 or 2010. We find no evidence of a positive or negative impact of SA8000 certification on firm profitability and wages. The only outcome variable for which effects are positive and weakly significant in many instances are firms' turnover to assets ratios. From this we conclude that SA8000 certification has no strong impact on firm profitability and wage costs, but that it may be a viable marketing tool that increases company sales.\\\",<\\\/div><div>  keywords = \\\"Company Performance, Corporate Social Responsibility, SA8000 certification, Synthetic Control Groups, Company Performance, Corporate Social Responsibility, SA8000 certification, Synthetic Control Groups\\\",<\\\/div><div>  author   = \\\"Peter Huber and \\\\{Abramuszkinov{\\\\'a} Pavl{\\\\'i}kov{\\\\'a}\\\\}, Eva and Marcela Basovn{\\\\'i}kov{\\\\'a}\\\",<\\\/div><div>  note     = \\\"CSR Certification\\\",<\\\/div><div>  year     = \\\"2017\\\",<\\\/div><div>  month    = may,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Impact of CSR Certification on Firm Profitability, Wages and Sales<\\\/p><p>AU  - Huber, Peter<\\\/p><p>AU  - Abramuszkinov\u00e1 Pavl\u00edkov\u00e1, Eva<\\\/p><p>AU  - Basovn\u00edkov\u00e1, Marcela<\\\/p><p>N1  - CSR Certification<\\\/p><p>PY  - 2017\\\/5<\\\/p><p>Y1  - 2017\\\/5<\\\/p><p>N2  - We use synthetic control group methods to analyse the causal impact of CSR certification on the economic performance of a small set of Italian manufacturing firms that underwent SA8000 certification in 2009 or 2010. We find no evidence of a positive or negative impact of SA8000 certification on firm profitability and wages. The only outcome variable for which effects are positive and weakly significant in many instances are firms' turnover to assets ratios. From this we conclude that SA8000 certification has no strong impact on firm profitability and wage costs, but that it may be a viable marketing tool that increases company sales.<\\\/p><p>AB  - We use synthetic control group methods to analyse the causal impact of CSR certification on the economic performance of a small set of Italian manufacturing firms that underwent SA8000 certification in 2009 or 2010. We find no evidence of a positive or negative impact of SA8000 certification on firm profitability and wages. The only outcome variable for which effects are positive and weakly significant in many instances are firms' turnover to assets ratios. From this we conclude that SA8000 certification has no strong impact on firm profitability and wage costs, but that it may be a viable marketing tool that increases company sales.<\\\/p><p>KW  - Company Performance<\\\/p><p>KW  - Corporate Social Responsibility<\\\/p><p>KW  - SA8000 certification<\\\/p><p>KW  - Synthetic Control Groups<\\\/p><p>KW  - Company Performance<\\\/p><p>KW  - Corporate Social Responsibility<\\\/p><p>KW  - SA8000 certification<\\\/p><p>KW  - Synthetic Control Groups<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Impact of CSR Certification on Firm Profitability, Wages and Sales - 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