“…Even though it focuses on a different area, the rationale behind this type of accreditation has many points in common with ISO certification, such as extensive paperwork, the limited duration of the audit, and marketing and symbolic issues. The proliferation of MBA programs around the world (Mazza et al, 2005) has reinforced the need for some type of quality assurance demonstrating that the MBA label as used in a particular business school meets international standards (Durand & McGuire, 2005;Gioia & Corley, 2002). As hypothesized by signaling theory (Chan et al, 2007;Rynes et al, 1991;Spence, 1973Spence, , 2002, these accreditations send a positive signal intended to improve the image of the program, reassure stakeholders, and reduce uncertainty concerning school quality.…”