An institutional perspective on the diffusion of international management system standards : the case of the Environmental management standard ISO 14001.

This paper analyzes how national institutional factors affect the adoption of the intemational environmental management standard ISO 14001, using a panel of 139 countries from 1996 to 2006. The analysis emphasizes that during the emerging phase of the standard, the potentiallack of consensus within the constituents of the national institutional environment conceming the value of a new standard could send mixed signals to firrns about the standard. The resuIts show that in the early phase of adoption, regulative and norrnative forces within the institutional environment can work against each other. Results also show that regulative or coercive forces playa relatively more important role in the early phase of adoption of the standard than in the subsequent phases of diffusion. In the later phases of diffusion of ISO 14001, norrnative forces, such as the diffusion of other management standards, as well as factors related to trade, playa more important role. Because of the similarities between environmental management standards and corporate social responsibility standards, this study can help identify sorne of the challenges for diffusion of ISO management standards in the area of social responsibility.Environmental management standard; ISO 14001;

Rotational modulation of the photospheric and chromospheric activity in the young, single K2-dwarf PW And

High resolution echelle spectra of PW And (HD~1405) have been taken during eight observing runs from 1999 to 2002. The detailed analysis of the spectra allow us to determine its spectral type (K2V), mean heliocentric radial velocity (V_hel = -11.15 km/s) rotational velocity (vsin{i} = 22.6 km/s), and equivalent width of the lithium line 6707.8 AA (EW(LiI) = 273 mAA). The kinematic (Galactic Velocity (U, V, W)) confirms its membership of the Local Association moving group, in agreement with the age (30 to 80 Myrs) inferred from the color magnitude diagram and the lithium equivalent width. Photospheric activity (presence of cool spots that disturb the profiles of the photospheric lines) has been detected as changes in the the bisectors of the cross correlation function (CCF) resulting of cross-correlate the spectra of PW And with the spectrum of a non active star of similar spectral type. These variations of the CCF bisectors are related to the variations in the measured radial velocities and are modulated with a period similar to the photometric period of the star. At the same time, chromospheric activity has been analyzed, using the spectral subtraction technique and simultaneous spectroscopic observations of the H_alpha, H_beta, NaI D_1 and D_2$, HeI D_3, MgI b triplet, CaII H&K, and CaII infrared triplet lines. A flare was observed during the last observing run of 2001, showing an enhancement in the observed chromospheric lines. A less powerful flare was observed on 2002 August 23. The variations of the chromospheric activity indicators seem to be related to the photospheric activity. A correlation between radial velocity, changes in the CCF bisectors and equivalent width of different chromospheric lines is observed with a different behaviour between epochs 1999, 2001 and 2002.Comment: Latex file with 20 pages, 21 figures tar'ed gzip'ed. Full postscript (text, figures and tables) available at http://www.ucm.es/info/Astrof/users/dmg/pub_dmg.html Accepted for publication in: Astronomy & Astrophysics (A&A

Probing flavor parameters in the scalar sector and new bounds for the fermion sector

In this paper we study the Flavor-Changing mediated by Higgs boson within Two-Higgs Doublet Model-III context. We explore the parameter space and, considering recent results, find new limits for the model parameters. We also obtain the total Higgs decay width and the branching ratios for different channels taking limits for the $t\to cV$ and $b\to s\gamma$ processes. Considering different constraints, we estimate the branching ratio for the $h\to t^*_{}c$ in the model as well as the bounds for the $b \to s\gamma$, $h \to \mu\tau$ and $h\to \gamma Z.$ Considering the quark top decays to $W\bar{b},$ we obtained $Br(h \to Wc\bar{b})\sim10^{-3}$.Comment: 12 pages, 9 figures, accepted to publish in PTE

Threshold quantile autoregressive models

We study in this article threshold quantile autoregressive processes. In particular we propose estimation and inference of the parameters in nonlinear quantile processes when the threshold parameter defining nonlinearities is known for each quantile, and also when the parameter vector is estimated consistently. We derive the asymptotic properties of the nonlinear threshold quantile autoregressive estimator. In addition, we develop hypothesis tests for detecting threshold nonlinearities in the quantile process when the threshold parameter vector is not identified under the null hypothesis. In this case we propose to approximate the asymptotic distribution of the composite test using a p-value transformation. This test contributes to the literature on nonlinearity tests by extending Hansen’s (Econometrica 64, 1996, pp.413-430) methodology for the conditional mean process to the entire quantile process. We apply the proposed methodology to model the dynamics of US unemployment growth after the Second World War. The results show evidence of important heterogeneity associated with unemployment, and strong asymmetric persistence on unemployment growth

The financial impact of ISO 9000 certification in the United States: an empirical analysis.

The ISO 9000 series of quality management systems standards, introduced in 1986, has been adopted at over 560,000 locations worldwide. Anecdotal evidence suggests that firms can achieve internal benefits such as quality or productivity improvements or that certification can help firms maintain or increase their market share, or both. Others argue that the standard is too generic to cause performance improvement but can be seen as a signal of good management. In this paper, we track financial performance from 1987 to 1997 of all publicly traded ISO 9000 certified manufacturing firms in the United States with SIC codes 2000–3999, and test whether ISO 9000 certification leads to productivity improvements, market benefits, and improved financial performance. We employ event-study methods, matching each certified firm to a control group of one or more noncertified firms in the same industry with similar precertification size and/or return on assets. We find that firms’ decision to seek their first ISO 9000 certification was indeed followed by significant abnormal improvements in financial performance, though the exact timing and magnitude of this effect depend on the specification of the control group. Three years after certification, the certified firms do display strongly significant abnormal performance under all control-group specifications. The degree to which the precise results vary across control-group specifications indicates that event studies should always include extensive sensitivity analysis, for instance matching by size and performance separately and jointly, using both single firms and portfolios as controls.ISO 9000; Quality management; Standards; Financial; Empirical; Event study; Compustat;