Empirical approach to the sequential relationships between generation, relational capital and performance in family wineries in Spain
International Journal of Wine Business Research
ISSN: 1751-1062
Article publication date: 30 June 2020
Issue publication date: 4 February 2021
Abstract
Purpose
This study aims to focus on relational social capital in family wineries. Relational social capital is influenced by the family nature of the business and is at the same time a key antecedent of winery performance. The aim is to analyse these relationships in the qualified denomination of origin (DOC) Rioja wine industry (Spain).
Design/methodology/approach
Using a final sample of 110 family wineries, a Baron and Kenny approach was performed to investigate the causal and mediating relationships between the generation in control, relational social capital and family winery performance.
Findings
Using a final sample of 110 family wineries, the study demonstrates that later generations show a higher level of relational social capital, that the positive relationship between relational social capital and performance is maintained in a family firm sample and that the generation in control sequentially influence on performance through its influence on relational social capital.
Research limitations/implications
The main limitations are that empirical data were obtained only from DOC Rioja wine family businesses and a cross-sectional study was conducted.
Social implications
This study provides policymakers and family managers responsible for succession with a better understanding of the effects of transferring the business to the next generations in terms of relational social capital and performance.
Originality/value
To the best of the knowledge, this is the first study to examine the sequential relationships between generation, relational social capital and performance in DOC Rioja family wineries. The context of the DOC Rioja wine industry is particularly noteworthy for two reasons. First, in this industry, family-controlled firms predominate. Second, the DOC Rioja wine industry is focussed on the small-to-medium context, which has conventionally provided a very good area for the development of social capital theory.
Keywords
Acknowledgements
This research was supported by project grant ECO2016-77-P (AEI/FEDER, UE), the COMPETE (S52_17R) research group (Government of Aragón-Spain- and FEDER 2014-2020 “Construyendo Europa desde Aragón”) and by project VINCI SOE3/P2/F0917.
Citation
Fernandez-Olmos, M., Diaz-Vial, I. and Malorgio, G. (2021), "Empirical approach to the sequential relationships between generation, relational capital and performance in family wineries in Spain", International Journal of Wine Business Research, Vol. 33 No. 1, pp. 118-133. https://doi.org/10.1108/IJWBR-10-2019-0056
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited