IDEAS home Printed from https://ideas.repec.org/a/ags/ersfer/355247.html
   My bibliography  Save this article

Comment la structure financière influence-t-elle les choix stratégiques ? Étude de cas dans l'industrie du vin

Author

Listed:
  • Saulpic, Olivier
  • Tanguy, Hervé

Abstract

Industrial strategies of growth must be backed by relevant financial structures; but the choice of these structures (level of debt and debt/equity ratio) is restricted by the more or less efficiency of the monitoring systems which can be used by funds providers. Evaluating the potential for value creation as well as understanding the yearly economic performance of wine-traders is dramatically complex in the world of Appellations d'Origine Contrôlée. This could explain why, because of credit rationing, a priori strategically relevant policies which need external funding don't rise up in France. This working assumption is tested through a comparative case study between two well known AOC regions: Burgundy and Champagne.

Suggested Citation

  • Saulpic, Olivier & Tanguy, Hervé, 2004. "Comment la structure financière influence-t-elle les choix stratégiques ? Étude de cas dans l'industrie du vin," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 281.
    • Handle: RePEc:ags:ersfer:355247
    DOI: 10.22004/ag.econ.355247
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/355247/files/ecoru_0013-0559_2004_num_281_1_5483.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.355247?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Eric E. Giraud-Heraud & Louis-Georges Soler & Hervé Tanguy, 1999. "Avoiding double marginalisation in agro-food chains [[Eviter la double marginalisation sur la chaîne agro-alimentaire]]," Post-Print hal-02688218, HAL.
    2. Rajan, Raghuram G, 1992. "Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt," Journal of Finance, American Finance Association, vol. 47(4), pages 1367-1400, September.
    3. Giraud-Heraud, Eric & Soler, Louis-Georges & Tanguy, Herve, 1999. "Avoiding Double Marginalisation in Agro-Food Chains," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 26(2), pages 179-198, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Irz, Xavier & Mazzocchi, Mario & Réquillart, Vincent & Soler, Louis-Georges, 2015. "Research in Food Economics: past trends and new challenges," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 187-237, March.
    2. Smith, David & Trant, Michael, 2002. "Performance in the Food Retailing Segment of the Agri-Food Chain," Agriculture and Rural Working Paper Series 28028, Statistics Canada.
    3. Jean-Marc Callois, 2006. "Quality labels and rural development : a new economic geography approach," Post-Print hal-01201116, HAL.
    4. Callois, Jean-Marc, 2006. "Quality labels and rural development : a new economic geography approach," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 78.
    5. Jean-Marc Callois, 2006. "Quality labels and rural development : a new economic geography approach," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 78, pages 31-51.
    6. Thomas Gehrig, 2000. "Banking Relations, Competition and Research Incentives," Center for Financial Institutions Working Papers 00-14, Wharton School Center for Financial Institutions, University of Pennsylvania.
    7. Kempf, Elisabeth & Luo, Mancy & Schäfer, Larissa & Tsoutsoura, Margarita, 2023. "Political ideology and international capital allocation," Journal of Financial Economics, Elsevier, vol. 148(2), pages 150-173.
    8. Luis Araujo & Qingqing Cao & Raoul Minetti & Pierluigi Murro, 2019. "Credit Crunches, Asset Prices and Technological Change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 153-179, April.
    9. Itzhak Gilboa & David Schmeidler, 2003. "Inductive Inference: An Axiomatic Approach," Econometrica, Econometric Society, vol. 71(1), pages 1-26, January.
    10. Affinito, Massimiliano, 2012. "Do interbank customer relationships exist? And how did they function in the crisis? Learning from Italy," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3163-3184.
    11. Huberman, Gur & Repullo, Rafael, 2025. "Moral hazard and debt maturity," Journal of Financial Intermediation, Elsevier, vol. 61(C).
    12. Beck, T.H.L. & Ioannidou, V. & Schäfer, L., 2012. "Foreigners vs. Natives : Bank Lending Technologies and Loan Pricing," Other publications TiSEM 27d1ebf0-b7f4-45fa-8b35-3, Tilburg University, School of Economics and Management.
    13. Bae, Sung C. & Chang, Kiyoung & Yi, Ha-Chin, 2018. "Are more corporate social investments better? Evidence of non-linearity effect on costs of U.S. Bank loans," Global Finance Journal, Elsevier, vol. 38(C), pages 82-96.
    14. Masami Imai & Michiru Sawada, 2022. "Does a Financial Crisis Impair Corporate Innovation?," Wesleyan Economics Working Papers 2022-002, Wesleyan University, Department of Economics.
    15. repec:cdl:ucsdec:99-07r is not listed on IDEAS
    16. Berger, Allen N. & Hasan, Iftekhar & Zhou, Mingming, 2010. "The effects of focus versus diversification on bank performance: Evidence from Chinese banks," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1417-1435, July.
    17. Hainz, Christa & Dinh, Thanh & Kleimeier, Stefanie, 2011. "Collateral and its Determinants: Evidence from Vietnam," Proceedings of the German Development Economics Conference, Berlin 2011 36, Verein für Socialpolitik, Research Committee Development Economics.
    18. Abbassi, Puriya & Bräuning, Falk & Fecht, Falko & Peydró, José-Luis, 2014. "Cross-border liquidity, relationships and monetary policy: Evidence from the Euro area interbank crisis," Discussion Papers 45/2014, Deutsche Bundesbank.
    19. Nicola Gennaioli & Stefano Rossi, 2013. "Contractual Resolutions of Financial Distress," The Review of Financial Studies, Society for Financial Studies, vol. 26(3), pages 602-634.
    20. Huang, Jiayi & Matthews, Kent & Zhou, Peng, 2020. "What causes Chinese listed firms to switch bank loan provider? Evidence from a survival analysis," Emerging Markets Review, Elsevier, vol. 43(C).
    21. Asli Demirgüç-Kunt & Erik Feyen & Ross Levine, 2013. "The Evolving Importance of Banks and Securities Markets," The World Bank Economic Review, World Bank, vol. 27(3), pages 476-490.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ersfer:355247. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/sferrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.