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The Drivers of the Sustainability of Spanish Wineries: Resources and Capabilities

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Listed:
  • María Carmen García-Cortijo

    (Instituto de Desarrollo Regional, Universidad de Castilla-La Mancha, Paseo de los Estudiantes s/n, 02071 Albacete, Spain)

  • Juan R. Ferrer

    (ETSI Agronómica, Alimentaria and Biosistemas, Universidad Politécnica de Madrid, Av. Puerta de Hierro, nº 2, 4, 28040 Madrid, Spain)

  • Juan Sebastián Castillo-Valero

    (Instituto de Desarrollo Regional, Universidad de Castilla-La Mancha, Paseo de los Estudiantes s/n, 02071 Albacete, Spain)

  • Vicente Pinilla

    (Department of Applied Economics, and Instituto Agroalimentario de Aragon (IA2), Universidad de Zaragoza, Gran Vía, nº 2, 50005 Zaragoza, Spain)

Abstract

This article aims to determine which of a firm’s resources are drivers of its decisions on sustainability policies. For this purpose, it analyses four of the resources that the literature has linked with sustainability: (1) marketing resources, (2) technological resources, (3) innovation resources and (4) financial resources. The study focuses on Spain, which has the largest surface area under vine in the world. The database for the empirical analysis was drawn up from a survey among wineries carried out during 2020 and 2021. A total of 411 observations were valid. From the quantitative analysis, based on Box–Cox models, it can be concluded that adopting sustainability policies requires placing stress on innovation and on the capacity for communicating such innovations so that consumers perceive them as a change for the better; having greater technological or financial resources seems to be insufficient and of little importance. The results indicate that promoting funding and resource availability as basic tools should be reviewed in sustainability policies for wine firms.

Suggested Citation

  • María Carmen García-Cortijo & Juan R. Ferrer & Juan Sebastián Castillo-Valero & Vicente Pinilla, 2021. "The Drivers of the Sustainability of Spanish Wineries: Resources and Capabilities," Sustainability, MDPI, vol. 13(18), pages 1-12, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:18:p:10171-:d:633471
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    References listed on IDEAS

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