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Propiedad Extranjera y Especialización Productiva en la Industria del Vino en Chile

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Abstract

En este trabajo se analizan los diferentes patrones de especialización productiva seguidos por inversionistas extranjeros en la industria del vino en Chile; en particular, su efecto sobre la estructura de propiedad que la firma escoge para su nuevo negocio vitivinícola. Existe evidencia que viñas organizadas como Joint Venture (JV) tienen mayor participación en los segmentos de vinos exportados con mayor valor unitario, respecto al caso de viñas que son filiales de inversionistas extranjeros. La hipótesis central bajo estudio es que para inversionistas extranjeros con producción más especializada en vinos de mayor valor, acuerdos de ‘propiedad compartida’ o JV pueden ser un mecanismo eficiente para incentivar las inversiones y esfuerzos productivos requeridos por tal tipo de producción. Las razones analizadas se refieren fundamentalmente al diseño de incentivos contractuales eficientes.

Suggested Citation

  • R. Javier Bustos S. & Julio Peña Torres & Manuel Willington, 2007. "Propiedad Extranjera y Especialización Productiva en la Industria del Vino en Chile," ILADES-UAH Working Papers inv184, Universidad Alberto Hurtado/School of Economics and Business.
    • Handle: RePEc:ila:ilades:inv184
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    1. Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
    2. Fiona M. Scott Morton & Joel M. Podolny, 1998. "Love or Money? The Effects of Owner Motivation in the California Wine Industry," Yale School of Management Working Papers ysm101, Yale School of Management.
    3. Cai, Hongbin, 2003. "A Theory of Joint Asset Ownership," RAND Journal of Economics, The RAND Corporation, vol. 34(1), pages 63-77, Spring.
    4. Fiona M. Scott Morton & Joel M. Podolny, 1998. "Love or Money? The Effects of Owner Motivation in the California Wine Industry," NBER Working Papers 6743, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Julio Elías & Gustavo Ferro & Álvaro García, 2019. "A Quest for Quality: Creativity and Innovation in the Wine Industry of Argentina," Asociación Argentina de Economía Política: Working Papers 4135, Asociación Argentina de Economía Política.
    2. Julio Elías & Gustavo Ferro, 2018. "Innovators and Innovations in High Quality Wines of Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 651, Universidad del CEMA.
    3. Farinelli, Fulvia & Fernández-Stark, Karina & Meneses, Javier & Meneses, Soledad & Mulder, Nanno & Reuse, Karim, 2017. "Use of knowledge-intensive services in the Chilean wine industry," Comercio Internacional 43183, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Farinelli, Fulvia, 2013. "Innovation and Learning Dynamics in the Chilean and Argentine Wine Industries," Working Papers 164653, American Association of Wine Economists.

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    More about this item

    Keywords

    Inversión Extranjera; Joint Venture; Industria Vitivinícola;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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