Business growth and sustainability in the spanish wine industry

Juan R. Ferrer (), Mar�a Carmen Garc�a-Cortijo (), Vicente Pinilla, Juan Sebasti�n Castillo-Valero () and Ra�l Serrano ()
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Juan R. Ferrer: Universidad Polit�cnica de Madrid
Mar�a Carmen Garc�a-Cortijo: Instituto de Desarrollo Regional, Universidad de Catsilla-La Mancha
Juan Sebasti�n Castillo-Valero: Instituto de Desarrollo Regional, Universidad de Catsilla-La Mancha
Ra�l Serrano: Universidad de Zaragoza

Documentos de Trabajo from Facultad de Ciencias Económicas y Empresariales, 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.

Keywords: growth; sustainability; wineries; resources and capacities. (search for similar items in EconPapers)
JEL-codes: L21 L66 N64 Q13 (search for similar items in EconPapers)
Date: 2022-03
New Economics Papers: this item is included in nep-cse and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:zar:wpaper:dt2022-03

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