Transient and Persistent Efficiency and Spatial Spillovers: Evidence from the Portuguese Wine Industry

Faria, Samuel; Gouveia, Sofia; Guedes, Alexandre; Rebelo, João

doi:10.3390/economies9030116

Cited by 8 publications

(9 citation statements)

References 56 publications

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“…The findings confirm the impact of repeated visits on the business results of wineries, but also on the business results of the entire region [59,60]. To improve business results, it is necessary to monitor changes in consumption [49], actually trends in customer perception [4].…”

Section: Discussionsupporting

confidence: 63%

“…As the authors point out, the wine production in Serbia has potential [2,56], but additional financial resources are needed [4,61]. Stable production [1,3], i.e., volume growth (liters) is the most important component of the financial performance (FP) of the wineries (FP3 = 0.877), along with the overall profitability of this winery (path coefficient FP4 = 0.811).…”

Section: Discussionmentioning

confidence: 99%

“…Stable production [1,3], i.e., volume growth (liters) is the most important component of the financial performance (FP) of the wineries (FP3 = 0.877), along with the overall profitability of this winery (path coefficient FP4 = 0.811). The wineries must use the potentials they have, to diversify the product and prevent risks [4,61]. The policy of different wine prices allows sales to customers who have different amounts of available budget for wine, and thus, willingness to pay (WTP) for certain categories of wine [40,67,76,77], especially if consumers have strong pro-ecological attitudes and purchase organic wine [42,79,80,82].…”

Section: Discussionmentioning

confidence: 99%

“…Globalization has led to increased competition and changes in wine production and consumption. For the purpose of market positioning and in the context of emphasized environmental responsibilities, wineries must adapt their strategies and performance to these market challenges [4]. Disclosure of information on the activities of wineries concerning the environment is an issue that can be analyzed from the economic, legal, or consumer side.…”

Section: Introductionmentioning

confidence: 99%

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Agro-Environmental Practices and Business Performance in the Wine Sector

et al. 2022

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Wine production is directly related to the environmentally responsible production. In recent years, due to demands for an environmentally responsible wine production in the Republic of Serbia, wine producers have become aware of the environmental responsibilities and are taking measures to prevent environmental problems. The objective of this research was to investigate attitudes of winery owners/managers on business performance of the wineries concerning the environmental behavior and its disclosure. The research has been conducted in the period from July to the end of October 2021 on a sample of 330 small wineries in the Republic of Serbia. The data were processed in the Smart PLS software v.3.2.7. The findings show a positive connection between of both service and financial performance with an ethical environmental behavior and environmental disclosure. However, no positive connection between innovative performance and ethical environmental behavior or ethical environmental disclosure has been determined. The positive attitudes of managers on the environment influence the business performance of wineries and indirectly on environmental behavior and disclosure. The current study should contribute to the relevant literature, as it investigates not only firm behavior in the wine sector, but also the impact of firm performance on the environment.

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Section: Discussionsupporting

confidence: 63%

Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Agro-Environmental Practices and Business Performance in the Wine Sector

et al. 2022

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“…The SFA studies on the wine sector applied both cross-sectional and panel data. The estimated mean TE scores may vary within countries; see 0.51 and 0.58 for Portugal in the period 2014-2019 (Faria et al, 2021) and 0.67/0.68 in 2017 (Santos et al, 2021a(Santos et al, , 2021b and between countries 0.79 for Australia in the period 2006-2010 (Coelli and Sanders, 2013) and for Italy in the year 2017 (Cisilino et al, 2021). Differences within Portugal can be explained by different factors.…”

Section: Introductionmentioning

confidence: 99%

The common agricultural policy subsidies and the technical efficiency of Hungarian wine farms

Fertő

Bojnec

2023

IJWBR

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Purpose The literature argues on ambiguous impacts of different types of the common agricultural policy (CAP) subsidies on farm technical efficiency (TE). The purpose of this paper is to estimate and analyse the TE and the impact of the CAP subsidies on the TE of wine farms in Hungary using the farm accountancy data network data set in the period 2013–2019. Design/methodology/approach The authors use stochastic frontiers analysis (SFA) models to estimate the TE scores for the Hungarian wine farms with four wine farm-level inputs in terms of agricultural land, labour, capital and intermediate consumption. The TE scores are explained by the CAP subsidies and economic wine farm size. The different SFA models were applied with robustness tests to investigate the drivers of the TE values of wineries. Findings Like for Hungarian farms in general, the distribution of the wine farm structure is a dual with a greater number of smaller wine farms and a smaller number of bigger wine farms. The agricultural land, capital and intermediate consumption are significantly positively associated with the wine farm TE. With higher capital intensity wine farm TE increase. The results imply that the CAP subsidies decrease the TE of the Hungarian wine farms, whereas economic farm size increase. Originality/value To the best of the authors’ knowledge, this is one of the first specific efficiency studies on the wine sector in the Central and Eastern European region and the first one for Hungary to evaluate the TE at wine farm level and to assess the impact of CAP subsidies and economic farm size on wine farm (in)efficiency to apply production technologies and use farm resources. This study is among the first that applied the fixed-effects stochastic frontier model at the wine farm level to measure the drivers of the TE scores.

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