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Network Learning, Principal-Agent Conflict, and Award-Winning Wine-Making in Chile's Colchagua Valley

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  • David Hojman

    ()
    (Management School, University of Liverpool, UK)

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    Abstract

    Chile’s Colchagua Valley is both a geographical cluster of wineries and a dynamic learning network of wine-making professionals. A principal-agent problem arises in that the latter knowledge network is frowned upon by owners and top managers. Whereas experts aim at maximising quality, firms are interested in profits. Individual, personal success as a world-class expert is worth more to each professional, than to the respective winery. This conflict is compounded by traditional, authoritarian industrial relations. Multiple regression results confirm that expert network activity is a very poor predictor of award-winning international performance, or profits.

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    File URL: http://www.liv.ac.uk/managementschool/research/working%20papers/wp200512.pdf
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    Bibliographic Info

    Paper provided by University of Liverpool Management School in its series Research Papers with number 200512.

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    Length: 35 pages
    Date of creation: 2005
    Date of revision:
    Handle: RePEc:liv:livedp:200512

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    Postal: Management School University of Liverpool, Chatham Street, Liverpool, L69 7ZH, Great Britain
    Phone: +44(0)151 795 3108
    Fax: +44(0)151 795 3004
    Web page: http://www.liv.ac.uk/management/
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    Related research

    Keywords: Networks; Principal-Agent; Wine; Chile;

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    1. Breschi, Stefano & Lissoni, Francesco, 2001. "Knowledge Spillovers and Local Innovation Systems: A Critical Survey," Industrial and Corporate Change, Oxford University Press, vol. 10(4), pages 975-1005, December.
    2. Lissoni, Francesco, 2001. "Knowledge codification and the geography of innovation: the case of Brescia mechanical cluster," Research Policy, Elsevier, vol. 30(9), pages 1479-1500, December.
    3. Altenburg, Tilman & Meyer-Stamer, JORG, 1999. "How to Promote Clusters: Policy Experiences from Latin America," World Development, Elsevier, vol. 27(9), pages 1693-1713, September.
    4. Tobias G�ssling, 2004. "Proximity, trust and morality in networks," European Planning Studies, Taylor & Francis Journals, vol. 12(5), pages 675-689, July.
    5. Ron Martin & Peter Sunley, 2002. "Deconstructing Clusters: Chaotic Concept or Policy Panacea," ESRC Centre for Business Research - Working Papers wp244, ESRC Centre for Business Research.
    6. Scott Morton, Fiona M & Podolny, Joel M, 2002. "Love or Money? The Effects of Owner Motivation in the California Wine Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 50(4), pages 431-56, December.
    7. Callander, Steven & Plott, Charles R., 2005. "Principles of network development and evolution: an experimental study," Journal of Public Economics, Elsevier, vol. 89(8), pages 1469-1495, August.
    8. Peter Maskell & Mark Lorenzen, 2003. "The Cluster as Market Organization," DRUID Working Papers 03-14, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    9. Mark Granovetter, 2005. "The Impact of Social Structure on Economic Outcomes," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 33-50, Winter.
    10. Giuliani, Elisa & Bell, Martin, 2005. "The micro-determinants of meso-level learning and innovation: evidence from a Chilean wine cluster," Research Policy, Elsevier, vol. 34(1), pages 47-68, February.
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