2004•Journal of Shanxi Finance and Economics UniversityRequires access

Cost-Benefit Analysis on ISO14000s Certification

Liyan Wang

Abstract

This paper examines the cost and benefit of International Environment Standards 14000 certification, and its contribution to firms' value, based on questionnaire survey. The results suggest that on average certification increased firms' value. However, for formal evaluation we need more information in detail from companies' accounts.

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Key concepts: Certification, ISO 14000, Value (mathematics), Business, Accounting, Environmental economics, Cost–benefit analysis, Economics