Solvency and Performance of French Wineries in Times of Declining Sales: Co-operatives and Corporations

Francis Declerck and Jean-Laurent Viviani ()

International Journal on Food System Dynamics, 2012, vol. 03, issue 2, 17

Abstract: The paper assesses the ability of French wineries to prevail over the crisis of French wine in the years 2000. Corporations are distinguished from co-operatives: Over the 2000-2006 period in spite of sales fluctuations, French wineries did not increase their financial debt level substantially. Such result supports the traditional static trade-off theory (TOT). Co-operatives were able to absorb part of the impact of the wine crisis at the expense of their members, in increasing account payables to member. Corporations have not increased trade account payables to vine growers. In the mid-2000s, the French wine crisis has not been strong enough to shake the financial structure of co-operatives and corporations. But co-operatives look more affected. However, sales of French wines dropped a lot more in 2009 and financial data are not yet available to observe the consequences.

Keywords: Agribusiness; Community/Rural/Urban Development; Industrial Organization; Institutional and Behavioral Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/144852/files/Declerck.pdf (application/pdf)

Related works:
Working Paper: Solvency and Performance of French Wineries in Times of Declining Sales: Co-operatives and Corporations (2012)
Working Paper: Solvency and Performance of French Wineries in Times of Declining Sales: Co‐operatives and Corporations (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ijofsd:144852

DOI: 10.22004/ag.econ.144852

Access Statistics for this article

More articles in International Journal on Food System Dynamics from International Center for Management, Communication, and Research Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().