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Does Innovation Flourish With the Implementation of Certified Management Systems?: A Study in the European Context

Does Innovation Flourish With the Implementation of Certified Management Systems?: A Study in the European Context
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Author(s): Vasileios Mavroeidis (Hellenic Open University, Greece), Petros E. Maravelakis (Department of Business Administration, University of Piraeus, Greece) and Katarzyna Tarnawska (European Commission, Belgium)
Copyright: 2020
Pages: 19
Source title: Shaping the Future Through Standardization
Source Author(s)/Editor(s): Kai Jakobs (RWTH Aachen University, Germany)
DOI: 10.4018/978-1-7998-2181-6.ch006

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Abstract

Existing literature states that standardization and certification are not only crucial for enterprises, but they have a positive impact on productivity, international trade, innovation, and competition as well. This research employs data derived by the European Innovation Union Scoreboard and the International Standardization Organization from 2005 to 2014 to investigate the relation between innovation and certified quality management systems according to ISO 9001. Using suitable panel data analysis, the authors analyse the data gathered form a panel accounting for the different countries and different years. The main result of this study is that we are able to provide evidence to policymakers, academics, and entrepreneurs that there is a statistically significant relationship between innovation and certified quality management systems. The originality of this chapter stems from the fact that up to now, to the authors' knowledge, the impact of ISO 9001 on innovation has not been examined in the European context.

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