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Business growth and sustainability in the spanish wine industry

Author

Listed:
  • Juan R. Ferrer

    (Universidad Polit�cnica de Madrid)

  • Mar�a Carmen Garc�a-Cortijo

    (Instituto de Desarrollo Regional, Universidad de Catsilla-La Mancha)

  • Vicente Pinilla

    (Universidad de Zaragoza)

  • Juan Sebasti�n Castillo-Valero

    (Instituto de Desarrollo Regional, Universidad de Catsilla-La Mancha)

  • Ra�l Serrano

    (Universidad de Zaragoza)

Abstract

The globalisation of the economy, which is a complex environment with changing dynamics, means that the factors that condition and promote the growth of firms need to be determined. This is because growth is an indicator of competitiveness; the capital markets value more highly those companies with positive growth prospects. In this respect, the objective of this study is to analyse the growth of Spanish wine-making companies and its relationship with their orientation towards sustainability. It also examines the possible existence of resources and structural factors that favour the growth of these firms. To do this, a database of 411 wineries operating in Spain has been used, constructed through surveys carried out during 2020 and 2021. The results of the regression model, estimated by OLS with Robust Errors proposed by Eiker-White, indicate that sustainability has come to form part of the growth model of wineries in Spain.

Suggested Citation

  • Juan R. Ferrer & Mar�a Carmen Garc�a-Cortijo & Vicente Pinilla & Juan Sebasti�n Castillo-Valero & Ra�l Serrano, 2022. "Business growth and sustainability in the spanish wine industry," Documentos de Trabajo dt2022-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    • Handle: RePEc:zar:wpaper:dt2022-03
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    References listed on IDEAS

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    More about this item

    Keywords

    growth; sustainability; wineries; resources and capacities.;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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