Assessing the economic impacts of forest certification in Spain: A longitudinal study

Forest certification has become a strategic instrument for businesses, particularly for accessing sensitive envi-ronmental markets and within sustainability commitments. This trend is also visible in Spain, where PEFC (Program for the Endorsement of Forest Certification) certification has increased...

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Autores: Zubizarreta Irure, Mikel, Arana Landín, Germán, Wolff, Sarah, Egiluz Ellakuria, Ziortza
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:Universidad del País Vasco
Repositorio:Addi. Archivo Digital para la Docencia y la Investigación
OAI Identifier:oai:addi.ehu.eus:10810/59874
Acceso en línea:http://hdl.handle.net/10810/59874
Access Level:acceso abierto
Palabra clave:forest certification
PEFC
economic impacts
Spain
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spelling Assessing the economic impacts of forest certification in Spain: A longitudinal studyZubizarreta Irure, MikelArana Landín, GermánWolff, SarahEgiluz Ellakuria, Ziortzaforest certificationPEFCeconomic impactsSpainForest certification has become a strategic instrument for businesses, particularly for accessing sensitive envi-ronmental markets and within sustainability commitments. This trend is also visible in Spain, where PEFC (Program for the Endorsement of Forest Certification) certification has increased by 91% in the past five years. However, there is a weak understanding of the certification impacts at the level of companies, especially when it comes to economic impacts. This study applies a longitudinal methodology to measure financial performance before and after obtaining PEFC-certification in Spain by analysing treatment and selection effects. The results show significant differences in economic profitability and turnover between certified and non-certified com-panies prior to certification. However, these differences are not significant in subsequent periods. Therefore, we could not confirm a treatment effect between forest certification and improved financial performance. Instead, we find a positive selection effect: companies with better financial performance have a greater propensity for certification, as has been previously detected for standards such as ISO 9001/14001. Compared to previous studies that predominantly assess economic impacts qualitatively, we use economic-financial data to avoid possible distortion emerging from perceptions and opinions. The main contribution of this study lies in the quantitative assessment of the impacts of forest certification on economic profitability and turnover.The authors want to express their gratitude to the SAREN Research Group (IT1619–22, Basque Government).Elsevier202320232023info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10810/59874reponame:Addi. Archivo Digital para la Docencia y la Investigacióninstname:Universidad del País VascoIngléshttps://www.sciencedirect.com/science/article/pii/S0921800922002919?via%3Dihubinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-nd/3.0/es/© 2022 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by- nc-nd/4.0/)Atribución-NoComercial-SinDerivadas 3.0 Españaoai:addi.ehu.eus:10810/598742026-06-18T09:23:17Z
dc.title.none.fl_str_mv Assessing the economic impacts of forest certification in Spain: A longitudinal study
title Assessing the economic impacts of forest certification in Spain: A longitudinal study
spellingShingle Assessing the economic impacts of forest certification in Spain: A longitudinal study
Zubizarreta Irure, Mikel
forest certification
PEFC
economic impacts
Spain
title_short Assessing the economic impacts of forest certification in Spain: A longitudinal study
title_full Assessing the economic impacts of forest certification in Spain: A longitudinal study
title_fullStr Assessing the economic impacts of forest certification in Spain: A longitudinal study
title_full_unstemmed Assessing the economic impacts of forest certification in Spain: A longitudinal study
title_sort Assessing the economic impacts of forest certification in Spain: A longitudinal study
dc.creator.none.fl_str_mv Zubizarreta Irure, Mikel
Arana Landín, Germán
Wolff, Sarah
Egiluz Ellakuria, Ziortza
author Zubizarreta Irure, Mikel
author_facet Zubizarreta Irure, Mikel
Arana Landín, Germán
Wolff, Sarah
Egiluz Ellakuria, Ziortza
author_role author
author2 Arana Landín, Germán
Wolff, Sarah
Egiluz Ellakuria, Ziortza
author2_role author
author
author
dc.subject.none.fl_str_mv forest certification
PEFC
economic impacts
Spain
topic forest certification
PEFC
economic impacts
Spain
description Forest certification has become a strategic instrument for businesses, particularly for accessing sensitive envi-ronmental markets and within sustainability commitments. This trend is also visible in Spain, where PEFC (Program for the Endorsement of Forest Certification) certification has increased by 91% in the past five years. However, there is a weak understanding of the certification impacts at the level of companies, especially when it comes to economic impacts. This study applies a longitudinal methodology to measure financial performance before and after obtaining PEFC-certification in Spain by analysing treatment and selection effects. The results show significant differences in economic profitability and turnover between certified and non-certified com-panies prior to certification. However, these differences are not significant in subsequent periods. Therefore, we could not confirm a treatment effect between forest certification and improved financial performance. Instead, we find a positive selection effect: companies with better financial performance have a greater propensity for certification, as has been previously detected for standards such as ISO 9001/14001. Compared to previous studies that predominantly assess economic impacts qualitatively, we use economic-financial data to avoid possible distortion emerging from perceptions and opinions. The main contribution of this study lies in the quantitative assessment of the impacts of forest certification on economic profitability and turnover.
publishDate 2023
dc.date.none.fl_str_mv 2023
2023
2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10810/59874
url http://hdl.handle.net/10810/59874
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv https://www.sciencedirect.com/science/article/pii/S0921800922002919?via%3Dihub
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Atribución-NoComercial-SinDerivadas 3.0 España
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Atribución-NoComercial-SinDerivadas 3.0 España
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Addi. Archivo Digital para la Docencia y la Investigación
instname:Universidad del País Vasco
instname_str Universidad del País Vasco
reponame_str Addi. Archivo Digital para la Docencia y la Investigación
collection Addi. Archivo Digital para la Docencia y la Investigación
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