IDEAS home Printed from https://ideas.repec.org/a/gam/jbusin/v3y2023i1p6-82d1040236.html
   My bibliography  Save this article

Wine Tourism, Designations of Origin and Business Performance: An Analysis Applied to the Valencian Community Wine Industry

Author

Listed:
  • Bartolomé Marco-Lajara

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

  • Javier Martínez-Falcó

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

  • Eduardo Sánchez-García

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

  • Luis A. Millan-Tudela

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

Abstract

The aim of this research is to analyze the effect of wine routes and Designations of Origin (DOs) on the competitiveness of wineries belonging to the Valencian Community, given that, to the best of our knowledge, such relationships have not been analyzed in this wine region. To this end, information was obtained on the operating income, results for the year, equity, level of indebtedness and number of employees of the 90 wineries belonging to this wine-growing territory. Subsequently, a comparison of means was made, calculating Student’s t-test for independent samples with the SPSS software, based on whether the wineries belonged to the wine routes and DOs existing in the Valencian Community. The results show the wineries that are members of a wine route and/or a DO have, on average, a higher operating income, higher equity and a higher number of employees, and these differences are statistically significant. This research may be useful for general managers who are considering the development of wine tourism activities, as well as for those who are thinking of joining DOs, since, as was empirically demonstrated, these actions can improve the economic performance of their wineries and, as a consequence, their competitiveness.

Suggested Citation

  • Bartolomé Marco-Lajara & Javier Martínez-Falcó & Eduardo Sánchez-García & Luis A. Millan-Tudela, 2023. "Wine Tourism, Designations of Origin and Business Performance: An Analysis Applied to the Valencian Community Wine Industry," Businesses, MDPI, vol. 3(1), pages 1-13, January.
    • Handle: RePEc:gam:jbusin:v:3:y:2023:i:1:p:6-82:d:1040236
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2673-7116/3/1/6/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2673-7116/3/1/6/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pérez-Álvarez, E.P. & Intrigliolo Molina, D.S. & Vivaldi, G.A. & García-Esparza, M.J. & Lizama, V. & Álvarez, I., 2021. "Effects of the irrigation regimes on grapevine cv. Bobal in a Mediterranean climate: I. Water relations, vine performance and grape composition," Agricultural Water Management, Elsevier, vol. 248(C).
    2. Eugenio Pomarici & Alessandro Corsi & Simonetta Mazzarino & Roberta Sardone, 2021. "The Italian Wine Sector: Evolution, Structure, Competitiveness and Future Challenges of an Enduring Leader," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 259-295, July.
    3. Rosa M. Muñoz & M. Valle Fernández & Yolanda Salinero, 2020. "Sustainability, Corporate Social Responsibility, and Performance in the Spanish Wine Sector," Sustainability, MDPI, vol. 13(1), pages 1-9, December.
    4. Lizama, V. & Pérez-Álvarez, E.P. & Intrigliolo, D.S. & Chirivella, C. & Álvarez, I. & García-Esparza, M.J., 2021. "Effects of the irrigation regimes on grapevine cv. Bobal in a Mediterranean climate: II. Wine, skins, seeds, and grape aromatic composition," Agricultural Water Management, Elsevier, vol. 256(C).
    5. Rosana Fuentes-Fernández & Javier Martínez-Falcó & Eduardo Sánchez-García & Bartolomé Marco-Lajara, 2022. "Does Ecological Agriculture Moderate the Relationship between Wine Tourism and Economic Performance? A Structural Equation Analysis Applied to the Ribera del Duero Wine Context," Agriculture, MDPI, vol. 12(12), pages 1-17, December.
    6. Igor Trišić & Snežana Štetić & Donatella Privitera & Adrian Nedelcu, 2019. "Wine Routes in Vojvodina Province, Northern Serbia: A Tool for Sustainable Tourism Development," Sustainability, MDPI, vol. 12(1), pages 1-14, December.
    7. Emilio Chiodo & Luigi Giordano & Jody Tubi & Rita Salvatore, 2020. "Wine Routes and Sustainable Social Organization within Local Tourist Supply: Case Studies of Two Italian Regions," Sustainability, MDPI, vol. 12(22), pages 1-18, November.
    8. Aparicio, Juan & Borras, Fernando & Pastor, Jesus T. & Vidal, Fernando, 2013. "Accounting for slacks to measure and decompose revenue efficiency in the Spanish Designation of Origin wines with DEA," European Journal of Operational Research, Elsevier, vol. 231(2), pages 443-451.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joaquín Martínez-Falcó & Javier Martínez-Falcó & Bartolomé Marco-Lajara & Eduardo Sánchez-García & Gustav Visser, 2023. "Aligning the Sustainable Development Goals in the Wine Industry: A Bibliometric Analysis," Sustainability, MDPI, vol. 15(10), pages 1-15, May.
    2. Jana Ladvenicová & Dominika Čeryová & Iveta Košovská & Jozef Palkovič & Matej Čereš, 2025. "Indebtedness of small and medium-sized wineries in Slovakia," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 71(1), pages 27-45.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Romero, Pascual & Navarro, Josefa María & Ordaz, Pablo Botía, 2022. "Towards a sustainable viticulture: The combination of deficit irrigation strategies and agroecological practices in Mediterranean vineyards. A review and update," Agricultural Water Management, Elsevier, vol. 259(C).
    2. Gorka Zamarreño-Aramendia & Elena Cruz-Ruiz & Elena Ruiz-Romero de la Cruz, 2021. "Sustainable Economy and Development of the Rural Territory: Proposal of Wine Tourism Itineraries in La Axarquía of Malaga (Spain)," Economies, MDPI, vol. 9(1), pages 1-21, March.
    3. Han, Weihua & Sun, Jiaxing & Zhang, Kui & Mao, Lili & Gao, Lili & Hou, Xuemin & Cui, Ningbo & Kang, Wenhuai & Gong, Daozhi, 2023. "Optimizing drip fertigation management based on yield, quality, water and fertilizer use efficiency of wine grape in North China," Agricultural Water Management, Elsevier, vol. 280(C).
    4. Simona Alfiero & Laura Broccardo & Massimo Cane & Alfredo Esposito, 2018. "High Performance Through Innovation Process Management in SMEs. Evidence from the Italian wine sector," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(3), pages 87-110.
    5. Resce, Giuliano & Vaquero-Piñeiro, Cristina, 2022. "Predicting agri-food quality across space: A Machine Learning model for the acknowledgment of Geographical Indications," Food Policy, Elsevier, vol. 112(C).
    6. Lopez, Belen & Rangel, Celia & Fernández, Manuel, 2022. "The impact of corporate social responsibility strategy on the management and governance axis for sustainable growth," Journal of Business Research, Elsevier, vol. 150(C), pages 690-698.
    7. Jradi, Samah & Bouzdine Chameeva, Tatiana & Aparicio, Juan, 2019. "The measurement of revenue inefficiency over time: An additive perspective," Omega, Elsevier, vol. 83(C), pages 167-180.
    8. Crescenzi, Riccardo & De Filippis, Fabrizio & Giua, Mara & Salvatici, Luca & Vaquero Pineiro, Cristina, 2023. "From local to global, and return: geographical Indications and FDI in Europe," LSE Research Online Documents on Economics 120408, London School of Economics and Political Science, LSE Library.
    9. Rita Mura & Francesca Vicentini & Ludovico Maria Botti & Maria Vincenza Chiriacò, 2024. "Achieving the circular economy through environmental policies: Packaging strategies for more sustainable business models in the wine industry," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1497-1514, February.
    10. Athanasia Mavrommati & Alexandra Pliakoura, 2025. "Performance dynamics in Greek wine sector: a study of technical efficiency and strategic implications," Operational Research, Springer, vol. 25(1), pages 1-22, March.
    11. Igor Trišić & Snežana Štetić & Donatella Privitera & Marko D. Petrović & Marija Maksin & Slavoljub Vujović & Zoran Jovanović & Marija Kalinić, 2021. "Perspectives on Sustainable Tourism Development in the Hotel Industry—A Case Study from Southern Europe," Sustainability, MDPI, vol. 13(10), pages 1-15, May.
    12. Ayouba, Kassoum & Boussemart, Jean-Philippe & Lefer, Henri-Bertrand & Leleu, Hervé & Parvulescu, Raluca, 2019. "A measure of price advantage and its decomposition into output- and input-specific effects," European Journal of Operational Research, Elsevier, vol. 276(2), pages 688-698.
    13. František Synák, 2023. "Problems and Opportunities within the Wine Industry in Terms of the COVID-19 Pandemic," Agriculture, MDPI, vol. 13(3), pages 1-20, March.
    14. Jenifer Piesse & Beatrice Conradie & Colin Thirtle & Nick Vink, 2018. "Efficiency in wine grape production: comparing long†established and newly developed regions of South Africa," Agricultural Economics, International Association of Agricultural Economists, vol. 49(2), pages 203-212, March.
    15. F.J. Cristófol & Elena Cruz-Ruiz & Gorka Zamarreño-Aramendia, 2021. "Transmission of Place Branding Values through Experiential Events: Wine BC Case Study," Sustainability, MDPI, vol. 13(6), pages 1-21, March.
    16. Pastor, Jesus T. & Zofio, Jose L., 2017. "Can Farrell's allocative efficiency be generalized by the directional distance function approach?Author-Name: Aparicio, Juan," European Journal of Operational Research, Elsevier, vol. 257(1), pages 345-351.
    17. Hachmi Ben Ameur & Zied Ftiti & Eric Le Fur, 2024. "What can we learn from the analysis of the fine wines market efficiency?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 703-718, January.
    18. Ionut Laurentiu Petre & Steliana Mocanu & Dan Gabriel Costea & Gabriel-Petre Gorecki, 2024. "Romania – Bulgaria Parallel Analysis of Foreign Trade in Wine and Wine Products," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 449-458.
    19. Carlucci, Fabio & Corcione, Carlo & Mazzocchi, Paolo & Trincone, Barbara, 2021. "The role of logistics in promoting Italian agribusiness: The Belt and Road Initiative case study," Land Use Policy, Elsevier, vol. 108(C).
    20. Ana MARTA-COSTA & Vitor MARTINHO & Micael SANTOS, 2017. "Productive Efficiency Of Portuguese Vineyard Regions," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 97-107, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jbusin:v:3:y:2023:i:1:p:6-82:d:1040236. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.