Explanatory model of the profitability of marine fish farming companies. Empirical application to the breeding of seabream (Sparus aurata) and european seabass (Dicentrarchus labrax) in Spain


  • Ignacio Llorente Universidad de Cantabria
  • Ladislao Luna Universidad de Cantabria




Seabream breeding, European seabass breeding, Multidisciplinary research, Profitability, Fish farming


The aim of this paper is to analyze how the biological, technical, environmental and economic factors affect the profitability of fish farming companies. The empirical test is applied to Spanish companies of seabass and seabream farming during the period 2005/2007. Multivariate analysis techniques are used. The results show how technical and biological aspects lose importance as production processes are standardized, while the environmental and economic aspects increase their relevance.


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Author Biographies

Ignacio Llorente, Universidad de Cantabria

Departamento de Administración de Empresas.
Facultad de Ciencias Económicas y Empresariales

Ladislao Luna, Universidad de Cantabria

Departamento de Administración de Empresas.
Facultad de Ciencias Económicas y Empresariales


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