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Indonesian) 1:
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sebelumnya studi tentang hubungan Wiersema, 1981; Craig dan Douglas, 1982, Garvin, 1983; Madu et al, 1995) The purpose of this study was to examine how the Baldrige Award winners performing with profitability and market metrics. We assessed the accounting Baldrige honor several award-winning control of financial performance relative to industry standards better when compared with the group of companies of the same size and t companies are significantly similar. Our results indicate that the award-winning action groups. In our benchmark in terms of accounting and financial performance regression when we control all the other differences also affect the value of the company, leverage and intangible assets, we find rewards such as company size, profitability, companies are comparable in the winner rated 11 percent higher than the sample is declared control. This shows award-winning superior financial performance and valued higher by investors An interesting question that follows is whether the award adds value to the winner or winners are the companies more successful to begin with. Our investigation seems to support later. This award could add value to the winner if the signal quality of effective leadership and prod11rt sinerior in the company winning the previous one. These results show that the firms that won the award is more successful companies in their respective industries before and after the awards. Part II presents a literature review as the rest of the paper. Section III discusses the development of our testing and the samples matched, and methodologies. The process of collecting samples and samples charactcristics discussed in section IV. Section V presents the empirical results on the company's values, and the final section provides a summary and conclusions II. background research Although there are a number of theoretical studies and empirical examine the performance (eg Lawler et al, 1995, the relationship between quality, cost and Hendricks financial and Singhal, 1996), there is no shortage of studies that have investigated the performance using the financial impact of the award winning quality of financial data company. Howeyer, because this study focuses on the financial extcrnally available studies focus on the company Baldrige. A good review of empirical studies that performance, using both market and accounting variables, other related financial quality awards can be found in Jarrell and Easton (1996)
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