The main aim of this study was to determine the factors that influenced profitability of companies involved in the Valencia food industry between 2006 and 2015. For this, macroeconomic, sector and company variables were the key elements used in the statistical analysis, together with their dependenceon the economic cycle in indicating the present state of the sector in the Valencian Region. The panel data was obtained from the sabi data base and combined with transverse data and time series. Economic and financial profitability are both influenced by certain common factors, especially the sales margin. The higher the margin the higher the profit, although this relationship also depends on where the business company is located. Rotation of assets also contributes to raising profits in times of economic expansion. The Economic Crisis saw profits fall in 2009 and 2012, two of its worst years. Finally, differences were also found between large and small enterprises.

Las empresas agroalimentarias recurren cada vez más a subcontratar los servicios logísticos que requieren para entregar sus productos a los clientes. Las transacciones entre ellas y sus proveedores requieren a menudo la inversión en activos específicos. Estos activos son de diversa naturaleza, su incidencia es especialmente significativa en el caso de productos perecederos y su intensidad varía de unas empresas a otras. Todo ello explica la existencia en la práctica de distintos arreglos organizativos y diversos acuerdos contractuales. Aunque no tiene en cuenta suficientemente los problemas de adaptación, la economía neoinstitucional es la más idónea para analizar la relación entre los costes generados por las transacciones y las decisiones de las empresas para minimizarlos. Así, se comprueba que la respuesta a la existencia de altas especificidades de los activos es la integración vertical y la constitución de operadores logísticos en régimen de empresa-mixta.

The cycle of the Common Agricultural Policy reforms begun in 1992 and that finished, for the time being, in 2013, profoundly transformed the agricultural framework of the EU. Taken as a whole, the process consisted of the progressive, partial and asymmetric liberalization of European agriculture, since much more emphasis was placed on dismantling intervention mechanisms than on aiding the restructuring, modernization and adaptation to a more competitive environment. In this context, and with an increasingly more open commercial policy, the States and the regions are obliged to design strategies to increase their competitiveness and innovation within the framework of the current Common Agricultural Policy (2014)(2015)(2016)(2017)(2018)(2019)(2020). This is even more important for the regions most affected by the reforms. Under this argument, this paper reveals the principal qualitative and quantitative unknowns of the regional agricultural policy in Spain after the application of the Health Check in 2008, with special emphasis on the evolution of the Axis 1 of Rural Development.

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Our aim is to verify that total gross output, total factor productivity, and real wages act as determinants of employment levels in Spanish agriculture. Three structural econometric models were estimated using census data for the period 1998-2013. This was a period of profound economic and social change, and the following two distinct sub-periods were compared: 1998-2007 (a period of economic boom) and 2008-2013 (a period of recession). The empirical evidence is consistent with neo-Keynesian theoretical posits, albeit with certain qualifiers derived from the specifically rural nature of the evidence. The results show a negative relationship between employment and productivity and wages, which intensified during the recession.