Survival in the French wine industry: cooperatives vs corporations
| Autor: | Justine Valette, Paul Amadieu, Patrick Sentis |
|---|---|
| Přispěvatelé: | Montpellier Research in Management (MRM), Université de Perpignan Via Domitia (UPVD)-Université Montpellier 2 - Sciences et Techniques (UM2)-Université Paul-Valéry - Montpellier 3 (UPVM)-Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School-Université Montpellier 1 (UM1), Université Montpellier 1 (UM1)-Université Paul-Valéry - Montpellier 3 (UPVM)-Université Montpellier 2 - Sciences et Techniques (UM2)-Université de Perpignan Via Domitia (UPVD)-Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School-Université de Montpellier (UM), Université Paul-Valéry - Montpellier 3 (UPVM)-Université de Perpignan Via Domitia (UPVD)-Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School-Université de Montpellier (UM) |
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: | |
| Zdroj: | ICA Research International Conference (International Cooperative Alliance) ICA Research International Conference (International Cooperative Alliance), May 2016, Almeria, Spain HAL |
| Popis: | International audience; This paper examines the survival rates of cooperatives. Traditional theories suggest that cooperatives are inefficient and consequently are prone to failure, but recent literature suggest they could be more resilient. Can cooperatives cope better? We found that French wine cooperatives survive longer than corporations. This result is robust to semi-parametric and parametric models, even when we control for mergers and acquisitions exits. The higher survival rate of wine cooperatives seems to be associated with an ability to shift the fluctuations of their environment to their members. |
| Databáze: | OpenAIRE |
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