Marta Fernández-Olmos, Ana Felicitas Gargallo-Castel and Giulio Malorgio
The present study aims to provide new evidence regarding the factors that determine the survival of firms in the Spanish wine industry and to improve the understanding of sector…
Abstract
Purpose
The present study aims to provide new evidence regarding the factors that determine the survival of firms in the Spanish wine industry and to improve the understanding of sector dynamics.
Design/methodology/approach
The empirical analysis, conducted over a representative sample of wineries in the DOC Rioja wine industry, is based on non-parametric (Kaplan–Meier graph) and semi-parametric survival models (Cox proportional hazard model).
Findings
The empirical model finds that wineries with a higher number of networks with institutions enjoy better survival prospects. This study also shows that a winery’s previous performance affects the winery’s survival probability; therefore, successful wineries in the past encounter a smaller hazard of exit. Although spending on R&D and exporting are factors likely to improve wineries' efficiency and competitiveness, these factors did not contribute significantly to the survival of DOC Rioja wineries.
Originality/value
This paper makes a significant contribution to the understanding of the determinants of wineries' survival and has important policy implications. In order to raise the probability of survival, policy makers should promote the networks that link wineries and institutions. Moreover, this study is based on survival analysis which, although frequently used in medical and behavioural sciences, has rarely been applied to wine economics. Finally, it uses a unique data set obtained from primary data collection, which previous studies have not analysed in relation to the probability of winery survival.
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Ana Felicitas Gargallo Castel and Carmen Galve Górriz
The purpose of this paper is to explore the moderated effect of family involvement on the relationship between information and communication technology (ICT) and firm performance.
Abstract
Purpose
The purpose of this paper is to explore the moderated effect of family involvement on the relationship between information and communication technology (ICT) and firm performance.
Design/methodology/approach
According to agency and transaction cost theories, distinctive family business characteristics provide a unique context that favours a more efficient use of ICT. The authors perform a multivariate analysis that includes the moderating effect of family involvement and considers the possible endogeneity of the ICT variable.
Findings
The results, using a large panel of Spanish manufacturing firms, confirm the importance of family involvement for explaining differences in terms of the impact of this technology in family and non-family businesses. The relationship between ICT and performance is stronger for family firms than for non-family firms.
Research implications
The paper provides new evidence for the academic literature on ICT impact and family firms. It corroborates the importance of using an organizational perspective to explain differences in the effect of ICT on performance.
Practical implications
Family firms should understand the opportunities that family involvement offers regarding ICT impact on performance, and exploit this moderating effect to achieve competitive advantages.
Originality/value
No previous studies deal with the impact of family involvement on ICT-performance analysis. This study fills this gap and increases the understanding of how family business involvement moderates the ICT-performance relationship.
Objetivo
Este trabajo explora el efecto moderador de la participación familiar en la relación entre las tecnologías de la información y la comunicación (TIC) y resultados de la empresa.
Diseño/metodología/enfoque
De acuerdo con la teoría de Agencia y la teoría de los costes de transacción, las características distintivas de las empresas familiares proporcionan un contexto único que favorece un uso más eficiente de las TIC. Se lleva a cabo un análisis multivariante que incluye el efecto moderador de la participación de la familia y recoge la posible endogeneidad de la variable TIC.
Resultados
Los resultados, obtenidos a partir de un gran panel de empresas manufactureras españolas, confirman la importancia de la participación de la familia para explicar las diferencias en términos del impacto de esta tecnología en las empresas familiares y no familiares. La relación entre las TIC y el rendimiento es más fuerte en las empresas familiares que en las no familiares.
Implicaciones de la investigación
El artículo proporciona nueva evidencia sobre el impacto de las TIC y sobre las particularidades de las empresas familiares. Se corrobora la importancia de utilizar un punto de vista organizativo para explicar las diferencias en el efecto de las TIC en el rendimiento.
Implicaciones prácticas
Las empresas familiares deben entender las oportunidades que ofrece la participación de la familia en relación con el impacto de las TIC en el rendimiento, y explotar este efecto moderador para lograr ventajas competitivas.
Originalidad/valor
No hay estudios previos sobre el efecto de la participación de la familia en el análisis del impacto de las TIC en el rendimiento. Este estudio ofrece evidencia al respecto y una mayor comprensión del papel moderador de la participación familiar en la relación TIC-rendimiento.