Research on the Influence of Association Standard Certification on Enterprise Performance-PSM Analysis Based on Zhejiang's Listed Manufacturing Enterprises
In the context of the development of standardization dual mechanism,it is of great theoretical and practical significance to study the impact of market-driven association standard certification on the performance of manufacturing enterprises.In this paper,the return on equity and total profit are used to evaluate enterprise performance.A total of 492 listed manufacturing enterprises in Zhejiang Province are used as empirical samples,and the influence of association standard certification on enterprise performance is explored by using propensity score matching method.The results show that association standard certification has a significant promotion effect on corporate performance,especially on the return on equity.Further analysis shows that the performance improvement is more significant when multiple products are certified.And this promotion effect is more significant and stable for large and private enterprises.
association standardstandard certificationpropensity score matchingenterprise performance