Economic Financial Health of the Wine Sector in Time of Financial Crisis: Catalonia, La Rioja and Languedoc-Roussillon

Serrat, Núria Arimany; Àngels, Farreras-Noguer, Maria

doi:10.1007/978-3-030-15413-4_8

Cited by 1 publication

(5 citation statements)

References 13 publications

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“…There is a high concentration of papers analyzing European countries, and only four of them covered the New World. Additionally, this SLR also documents that 14 of the 25 analyzed articles were conducted in only one specific country (Emeterio et al, 2018;Jradi et al, 2018;Touzard et al, 2016;Martins et al, 2018) and 11 publications were performed comprising two or more countries (Navarro et al, 2017b;Arimany-Serrat and Farreras-Noguer, 2019;Goncharuk, 2018;Goncharuk, 2017). Figure 3 summarizes the geographical areas where the surveys were developed.…”

Section: Geographical Locationmentioning

confidence: 79%

“…In the same vein, Arimany-Serrat et al (2016) study the main economic and financial indicators of major wine production firms in La Rioja, Spain between 2008 and 2013. They analyze short-and long-term financial ratios and economic results, as well as the changes in equity and cash flows of wineries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They analyze short-and long-term financial ratios and economic results, as well as the changes in equity and cash flows of wineries. Additionally, Arimany-Serrat and Farreras-Noguer (2019) analyze the economic and financial indicators of large wine producers in Catalonia, La Rioja and Languedoc-Roussillon documenting that during the 2008-2013 crisis period, results of large wine firms in Catalonia, La Rioja and Languedoc-Roussillon varied extensively. In general, however, being a large firm and having a strong export tradition facilitates economic and financial performance.…”

Section: Literature Reviewmentioning

confidence: 99%

“…A similar procedure was applied to frameworks. For example, the indicators presented by Arimany-Serrat et al (2016) and Arimany-Serrat and Farreras-Noguer (2019), as grouped and classified as financial indicators, were considered as a framework. We also consider a framework the cases of Goncharuk (2017Goncharuk ( , 2018Goncharuk ( , 2019, Goncharuk and Figurek (2017) and Goncharuk and Lazareva (2017), as the indicators measure winemaking efficiency.…”

Section: Ijwbr 332mentioning

confidence: 99%

“…In this context, four studies were identified, namely, Abraham et al (2014), Santiago-Brown et al (2015; Santos et al (2018a);and Santos et al (2018b). Associated with economic classification, Couderc and Marchini (2011) and Emeterio et al (2018) refer to "performance indicators," whereas Dainelli and Daddi (2019), Migliaccio and Tucci (2019), Arimany-Serrat et al (2016) and Arimany-Serrat and Farreras-Noguer (2019) classify these as "financial" indicators. Other economic perspective is offered by Goncharuk (2017Goncharuk ( , 2018Goncharuk ( , 2019, Goncharuk and Figurek (2017) and Goncharuk and Lazareva (2017) as they measure the efficiency of wineries from two different countries.…”

Section: Ijwbr 332mentioning

confidence: 99%

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Performance indicators to support firm-level decision-making in the wine industry: a systematic literature review

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et al. 2020

IJWBR

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Purpose The purpose of this paper is to conduct a systematic literature review (SLR) to identify the main firm-level performance indicators and group them in dimensions that support decision-making in the wine industry. Design/methodology/approach To achieve this goal, an SLR approach was conducted in the Scopus database from 2009 to 2019. From a set of 607 articles, only 25 studies related to firm-level performance indicators were considered and, following an inductive thematic analysis and an interpretative synthesis, separated into different specific foci that include social, economic and environmental dimensions. Findings There is a limited number of papers identifying indicators regarding the firm-level performance of wine firms, and even fewer studies including indicators on an integrated approach to measure the different dimensions of firm performance. This paper documents that economic and environmental indicators cover 78.2% of all SLR indicators analyzed. As this group of indicators is limited to a set of sub-dimensions, this paper found that several groups of indicators are misrepresented, such as product portfolio or certifications related to marketing activities and indicators covering purchasing and supply chain activities, which play a crucial role in the competitiveness of the wine industry. Practical implications For practitioners, it discloses the most pertinent indicators they need to improve to craft their business strategies. This framework is of added value for policymakers to customize their support programs for specific producers to develop their competitive strategies. It could be deployed in teaching programs as a tool to address the importance of aligning different types of indicators to achieve firm-level performance in the wine industry. Originality/value This study contributes to the literature identifying a framework of analysis that includes indicators of four dimensions, namely, economic, social, territorial and environmental. This framework aims to relate performance measures to corporate strategy as a management control tool. The framework intends to improve the fit between firms’ activities and their competitive context and to be flexibly adapted to various products/firms in the wine industry.

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