Impact of Six Sigma implementation on stock price performance

Total Quality Management and Business Excellence

Volumn 14, Issue 7, 2003, Pages 753-763

  Goh, T N ^a   Low, P G ^a   Tsui, K L ^b   Xie, M ^a  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

^b Georgia Institute of Technology   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0141575413     PISSN: 14783363     EISSN: None     Source Type: Journal    
DOI: 10.1080/1478336032000090969     Document Type: Article

References (18)

1. ADAMS, G., MCQUEEN G. & SEAWRIGHT, K. (1999) Revisiting the stock price impact of quality awards, Omega, 27, pp. 595-604.
2. BROWN, S.J. & WARNER, J.B. (1985) Using daily stock returns, Journal of Financial Economics, 14, pp. 3-31.
3. DOCKING, D.S. & DOWEN, R.J. (1999) Market interpretation of ISO 9000 registration, The Journal of Financial Research, 22(2), pp. 147-160.
4. EASTON, G.S. & JARRELL, S.L. (1998) The effects of Total Quality Management on corporate performance: an empirical investigation, Journal of Business, 71(2), pp. 253-307.
5. HAHN, G.J., HILL, W.J., HOERL, R.W. & ZINKGRAF, S.A. (1999) The impact of Six Sigma improvement - a glimpse into the future of statistics, The American Statistician, 53(3), pp. 208-215.
6. HARRY, M.J. (1998) Six Sigma: a breakthrough strategy for profitability, Quality Progress, May 1998, pp. 60-64.
7. HELTON, R.B. (1995) The Baldrie play, Quality Progress, 28, pp. 43-45.
8. HENDRICKS, K.B. & SINGHAL, V.R. (1996) Quality awards and the market value of the firm: an empirical investigation, Management Science, 42(3), pp. 415-436.
9. HENDRICKS, K.B. & SINGHAL, V.R. (2001a) The long-run stock price performance of firms with effective TQM programs, Management Science, 47(3), pp. 359-368.
10. HENDRICKS, K.B. & SINGHAL, V.R. (2001b) Firm characteristics, Total Quality Management, and financial performance, Journal of Operations Management, 19, pp. 269-285.
11. JARRELL, S.L. & EASTON, G.S. (1997) An exploratory empirical investigation of the effects of Total Quality Management on corporate performance, in: P. J. LEDERER & U. S. KARMARKAR (Eds), The Practice of Quality Management, Norwell, MA: Kluwer Academic, pp. 11-53.
12. LUCIER, G.T. & SESHADRI, S. (2001) GE takes Six Sigma beyond the bottom line, Strategic Finance, 82(11), pp. 40-46.
13. MONTGOMERY, D.C. & RUNGER, G.G. (1999) Applied Statistics and Probability for Engineers, 2nd edn (New York, Wiley).
14. NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (2002) Baldrige award winners beat the S&P 500 for eighth year, Baldrige National Quality Program, 100 Bureau Drive, Stop 1020, Gaithersburg, MD 20899-1020. (http://www.quality.nist.gov/Stock_Studies.htm; email: janice.kosko@nist.gov).
15. NICOLAU, J.L. & SELLERS, R. (forthcoming) The stock market's reaction to quality certification: empirical evidence from Spain, European Journal of Operational Research.
16. PRZASNYSKI, Z.H. & TAI, L.S. (1999) Stock market reaction to Malcolm Baldrige National Quality Award announcements: does quality pay?, Total Quality Management, 10(3), pp. 391-400.
17. RAMASESH, R.V. (1998) Baldrige award announcement and shareholder wealth, International Journal of Quality Science, 3(2), pp. 114-125.
18. SNEE, R.D. (2000) Impact of Six Sigma on quality engineering, Quality Engineering 12(3), pp. ix-xiv.