Competitive advantage differences between firms belonging to a business group and independent companies in the Spanish wine industry
Submitted: 2017-07-05
|Accepted: 2017-12-15
|Published: 2018-01-12
Downloads
Keywords:
Business group, performance, resource based view, strategy, wine industry
Supporting agencies:
funding from project ECO2013-40935 of the Spanish Ministry of Science and Technology and from the FP 7-KBBE-2011-5 Socioec project and funding from the Directorate of Fisheries and Aquaculture of the Basque Government.
Abstract:
References:
Ambastha, A. & Momaya, K. (2004). “Challenges for Indian software firms to sustain their global competitiveness”. Singapore Management Review, 26(2), 65.
Amit, R. & Schoemaker, P. J. (1993). “Strategic assets and organizational rent”. Strategic Management Journal, 14(1), 33-46.
Ariss, S.S., Raghunathan, T.S. & Kunnathar, A. (2000). “Factors affecting the adoption of advanced manufacturing technology in small firms”. SAM Advanced Management Journal, 65(2), 14.
Ansoff, H.I. (1965).Corporate strategy: An analytic approach to business policy for growth and expansion. McGraw-Hill. New York.
Bamiatzi, V., Cavusgil, S.T., Jabbour, L. & Sinkovics, R.R. (2014). “Does business group affiliation help firms achieve superior performance during industrial downturns? An empirical examination”. International Business Review, 23(1), 195-211. https://doi.org/10.1016/j.ibusrev.2013.04.003.
Barney, J. (1991). “Firm resources and sustained competitive advantage”. Journal of Management, 17(1), 99-120.
Barney, J.B., Ketchen, D.J. & Wright, M. (2011). “The future of resource-based theory revitalization or decline?” Journal of Management, 37(5), 1299-1315.
Baruch, Y. & Holtom, B.C. (2008). “Survey response rate levels and trends in organizational research”. Human Relations, 61(8), 1139-1160.
Belenzon, S. & Berkovitz, T. (2010). “Innovation in business groups”. Management Science, 56(3), 519-535. https://doi.org/10.2139/ssrn.1026110 · Source: RePEc.
Brenes, E.R., Montoya, D. & Ciravegna, L. (2014). “Differentiation strategies in emerging markets: The case of Latin American agribusinesses”. Journal of Business Research, 67(5), 847-855. https://doi.org/10.1016/j.jbusres.2013.07.003.
Cai, W., Zeng, C.C., Lee, E. & Ozkan, N. (2016). “Do business groups affect corporate cash holdings? Evidence from a transition economy”. China Journal of Accounting Research, 9(1), 1-24. https://doi.org/10.1016/j.cjar.2015.10.002.
Camisón, C. (2004). “Shared, competitive, and comparative advantages: a competence- based view of industrial-district competitiveness”. Environment and Planning A, 36(12), 2227-2256.
Camisón, C. & Villar-López, A. (2014). “Organizational innovation as an enabler of technological innovation capabilities and firm performance”. Journal of Business Research, 67(1), 2891-2902. https://doi.org/10.1016/j.jbusres.2012.06.004.
Camisón, C., Simón, F.G. & Marqués, D.P. (2007). “Estrategias competitivas y desempeño empresarial: estudio comparativo de los modelos de Robinson & Pearce y Miles & Snow en el sector hotelero español”. Investigaciones Europeas de Dirección y Economía de la Empresa, 13(3), 161-182.
Campbell-Hunt, C. (2000). “What have we learned about generic competitive strategy? A meta-analysis”. Strategic Management Journal, 21(2), 127-154.
Carraresi, L., Mamaqi, X., Albisu Aguado, L.M. & Banterle, A. (2011). “The relationship between strategic choices and performance in Italian food SMEs: A resource-based approach”. Communication to the XIIIth Congress of the European Association of Agricultural Economists, Zurich, Switzerland.
Chittoor, R., Kale, P. & Puranam, P. (2015). “Business groups in developing capital markets: Towards a complementarity perspective”. Strategic Management Journal, 36(9), 1277-1296. https://doi.org/10.1002/smj.2287.
Choi, Y.R., Yoshikawa, T., Zahra, S.A. & Han, B.H. (2014). “Market-oriented institutional change and R&D investments: Do business groups enhance advantage?” Journal of World Business, 49(4), 466-475. https://doi.org/10.1016/j.jwb.2013.10.002.
Chuang, S.H. & Lin, H.N. (2017). “Performance implications of information-value offering in e-service systems: Examining the resource-based perspective and innovation strategy”. The Journal of Strategic Information Systems, 26(1), 22-38. https://doi.org/10.1016/j.jsis.2016.09.001.
Cuervo-Cazurra, A. (2006). “Business groups and their types”. Asia Pacific Journal of Management, 23(4), 419-437. https://doi.org/10.1007/s10490-006-9012-5.
Duquesnois, F., Gurãu, C. & Le Roy, F. (2010). “Wine producers’ strategic response to a crisis situation”. International Journal of Wine Business Research, 22(3), 251-268. https://doi.org/10.1108/17511061011075383.
Evaldo Fensterseifer, J. & Rastoin, J. L. (2013). “Cluster resources and competitive advantage: A typology of potentially strategic wine cluster resources”. International Journal of Wine Business Research, 25(4), 267-284. https://doi.org/10.1108/IJWBR-04-2011-0007.
Fagerberg, J. (1987). “A technology gap approach to why growth rates differ”. Research Policy, 16(2), 87-99. https://doi.org/10.1016/0048-7333(87)90025-4.
Fisman, R. & Khanna, T. (2004). “Facilitating development: The role of business groups”. World Development, 32(4), 609-628. https://doi.org/10.1016/j.worlddev.2003.08.012.
Galati, A., Crescimanno, M., Rossi, M., Farruggia, D. & Tinervia, S. (2014). “The determinants affecting the internationalisation of the Italian SMEs producing sparkling wines: an empirical study on the RBV of the firms”. International Journal of Globalisation and Small Business, 6(2), 100-118. https://doi.org/10.1504/IJGSB.2014.066463.
Gambardella, A. & Giarratana, M.S. (2013). “General technological capabilities, product market fragmentation, and markets for technology”. Research Policy, 42(2), 315-325. https://doi.org/10.1016/j.respol.2012.08.002.
Gil, A.J., García-Alcaraz, J.L. & Mataveli, M. (2015). “The training demand in organizational changes processes in the Spanish wine sector”. European Journal of Training and Development, 39(4), 315-331.
Granovetter, M. (1995). “Coase revisited: Business groups in the modern economy”. Industrial and Corporate Change, 4(1), 93-130. https://doi.org/10.1093/icc/4.1.93.
Grant, R.M. (1996). “Toward a knowledgeâ€based theory of the firm”. Strategic Management Journal, 17(S2), 109-122. https://doi.org/10.1002/smj.4250171110.
Grant, R.M. (2010). Contemporary strategy analysis: Text and cases edition. John Wiley & Sons. Chichester.
Guillen, M.F. (2000). “Business groups in emerging economies: A resource-based view”. Academy of Management Journal, 43(3), 362-380. https://doi.org/10.2307/1556400.
Gupta, S., Woodside, A., Dubelaar, C. & Bradmore, D. (2009). “Diffusing knowledge-based core competencies for leveraging innovation strategies:Modelling outsourcing to knowledge process organizations (KPOs) in pharmaceutical networks”. Industrial Marketing Management, 38(2), 219-227. https://doi.org/10.1016/j.indmarman.2008.12.010.
Hair, J.F., Black, W.C., Babin, B.J., Anderson, R.E. & Tatham, R.L. (2009). Análise multivariada de dados. Bookman Editora. Porto Alegre.
Hammervoll, T., Mora, P. & Toften, K. (2014). “The financial crisis and the wine industry: The performance of niche firms versus mass-market firms”. Wine Economics and Policy, 3(2), 108-114. https://doi.org/10.1016/j.wep.2014.11.001.
Iacobucci, D. & Rosa, P. (2005). “Growth, diversification, and business group formation in entrepreneurial firms”. Small Business Economics, 25(1), 65-82. https://doi.org/10.1007/s11187-005-4258-8.
Iacobucci, D. & Rosa, P. (2010). “The growth of business groups by habitual entrepreneurs: The role of entrepreneurial teams”. Entrepreneurship Theory and Practice, 34(2), 351-377. https://doi.org/10.1111/j.1540-6520.2010.00378.x.
International Organisation of Vine and Wine (2016). World viticulture situation. Retrieved from http://www.oiv.int/public/medias/5029/world-vitiviniculturesituation-2016.pdf. (3/24/2017).
Jensen, R. (2007). “The digital provide: Information (technology), market performance, and welfare in the South Indian fisheries sector”. The Quarterly Journal of Economics, 879-924. https://doi.org/10.1162/qjec.122.3.879.
Jiménez, D.J. & Sanz, R. (2006). “Innovación, aprendizaje organizativo y resultados empresariales: un estudio empírico”. Cuadernos de Economía y Dirección de la Empresa, (29), 31-55.
Julien, P.A. (1995). “New technologies and technological information in small businesses”. Journal of Business Venturing, 10(6), 459-475. https://doi.org/10.1016/0883-9026(95)00084-L.
Kazadi, K., Lievens, A. & Mahr, D. (2016). “Stakeholder co-creation during the innovation process: Identifying capabilities for knowledge creation among multiple stakeholders”. Journal of Business Research, 69(2), 525-540. https://doi.org/10.1016/j.jbusres.2015.05.009.
Khanna, T. & Palepu, K. (2000). “The future of business groups in emerging markets: Long-run evidence from Chile”. Academy of Management Journal, 43(3), 268-285.
Leff, N.H. (1978). “Industrial organization and entrepreneurship in the developing countries: The economic groups”. Economic Development and Cultural Change, 26(4), 661-675.
Li, D.Y. & Liu, J. (2014). “Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China”. Journal of Business Research, 67(1), 2793-2799. https://doi.org/10.1016/j.jbusres.2012.08.007.
MAGRAMA. (2016). Ministerio de Agricultura, Alimentación y Medio Ambiente (MAGRAMA). http://www.mapama.gob.es/es/alimentacion/temas/industriaagroalimentaria/_informeanualindustriaalimentaria2014-2016_tcm7-203254.pdf.
Mahmood, I. P., Zhu, H. & Zaheer, A. (2017). “Centralization of intragroup equityties and performance of business group affiliates”. Strategic Management Journal,38: 1082-1100. https://doi.org/10.1002/smj.2542.
Mamaqi, X., González Álvarez, M.A. & Albisu Aguado, L.M. (2009). “La relación entre ventajas competitivas y resultados empresariales en la industria agroalimentaria aragonesa”. Economía Agraria y Recursos Naturales, 9(2), 79-104.
Mithas, S., Ramasubbu, N. & Sambamurthy, V. (2011). “How information management capability influences firm performance”. MIS Quarterly, 35(1), 237.
Morrison, A. & Rabellotti, R. (2017). “Gradual catch up and enduring leadership in the global wine industry”. Research Policy, 46(2), 417-430. https://doi.org/10.1016/j.respol.2016.09.007.
Neill, S., Singh, G. & Pathak, R.D. (2014). “Technology and marketing capabilities in a developing economic context: Assessing the resource-based view within a boundary condition”. International Journal of Business and Economics, 13(1), 75-92.
Newton, S.K., Gilinsky, A. & Jordan, D. (2015). “Differentiation strategies and winery financial performance: An empirical investigation”. Wine Economics and Policy, 4(2), 88-97. https://doi.org/10.1016/j.wep.2015.10.001.
Nietzsche, F. (2003). Beyond good and evil. Penguin. New York. Ortega, M.J. (2010). “Competitive strategies and firm performance: Technological capabilities’ moderating roles”. Journal of Business Research, 63(12), 1273-1281. https://doi.org/10.1016j.jbusres.2009.09.007.
Owens, I., Wilson, T.D. & Abell, A. (1997). “Information and business performance: a study of information systems and services in high-performing companies”. Journal of Librarianship and Information Science, 29(1), 19-28.
Porter, M.E. & Strategy, C. (1980). Techniques for analyzing industries and competitors. Competitive Strategy. New York: FreePress.
Porter, M.E. (1985). Competitive advantage: creating and sustaining superior performance. New York: FreePress.
Rapp, A., Trainor, K.J. & Agnihotri, R. (2010). “Performance implications of customer- linking capabilities: Examining the complementary role of customer orientation and CRM technology”. Journal of Business Research, 63(11), 1229-1236. https://doi.org/10.1016/j.jbusres.2009.11.002.
Rivard, S., Raymond, L. & Verreault, D. (2006). “Resource-based view and competitive strategy: An integrated model of the contribution of information technology to firm performance”. The Journal of Strategic Information Systems, 15(1), 29-50. https://doi.org/10.1016/j.jsis.2005.06.003.
Robinson, R.B., & Pearce, J. A. (1988). Planned patterns of strategic behavior and their relationship to business-unit performance. Strategic Management Journal, 9(1), 43-60.
Rubio Bañón, A. & Aragón, A. (2002). “Factores explicativos del éxito competitivo. Un estudio empírico en la pyme”. Cuadernos de Gestión, 2(1), 49-63.
Rubio Bañón, A. & Aragón, A. (2009). “Recursos Críticos y Estrategia en la Pyme industrial”. Revista ICE Tribuna de Economía, 846, 193-212.
Rumelt, R.P (1987). “Toward a Strategic Theory of the Firm”. In Foss, N.J. (Ed.). Resources Firms and Strategic: A reader in the resource-based perspective (pp.131-145). In Foss. New York.
Sellers-Rubio, R. (2010). “Evaluating the economic performance of Spanish wineries”. International Journal of Wine Business Research, 22(1), 73-84. https://doi.org/10.1108/17511061011035215.
Simon-Elorz, K., Castillo-Valero, J.S., & García-Cortijo, M.C. (2015). “Economic Performance and the Crisis: Strategies Adopted by the Wineries of Castilla-La Mancha (Spain)”. Agribusiness, 31(1), 107-131. https://doi.org/10.1002/agr.21392.
Simón, F.G. & Marqués, D.P. (2005). “Los patrones de comportamiento estratégico en el sector hotelero español: una validación del modelo de Robinson y Pearce”. Investigaciones Europeas de Dirección y Economía de la Empresa, 11(2), 99-117.
Singh, D.A. & Gaur, A.S. (2009). “Business group affiliation, firm governance, and firm performance: Evidence from China and India”. Corporate Governance: An International Review, 17(4), 411-425. https://doi.org/10.1111/j.1467-8683.2009.00750.x.
Sistema de Análisis de Balances Ibéricos, SABI, 2016. Database. https://sabi.bvdinfo.com.
Song, M., Di Benedetto, C.A. & Nason, R.W. (2007). “Capabilities and financial performance: The moderating effect of strategic type”. Journal of the Academy of Marketing Science, 35(1), 18-34. https://doi.org/10.1007/s11747-006-0005-1.
Spanos, Y.E. & Lioukas, S. (2001). “An examination into the causal logic of rent generation: Contrasting Porter’s competitive strategy framework and the resource-based perspective”. Strategic Management Journal, 22(10), 907-934. https://doi.org/10.1002/smj.174.
Stiglitz, J.E. (1975). “The theory of “screening”, education, and the distribution of income”. The American Economic Review, 65(3), 283-300.
Stiglitz, J. E. & Greenwald, B.C. (2014). La creación de una sociedad del aprendizaje: Una nueva aproximación al crecimiento, el desarrollo y el progreso social. Madrid: La Esfera de los Libros.
Suárez, F.F. (1994). “La competitividad de las empresas, evolución, imperativos estratégicos y características de la organización exitosa de hoy”. Estudios Públicos, 54, 151-174.
Takata, H. (2016). “Effects of industry forces, market orientation, and marketing capabilities on business performance: An empirical analysis of Japanese manufacturers from 2009 to 2011”. Journal of Business Research, 69(12), 5611-5619. https://doi.org/10.1016/j.jbusres.2016.03.068.
Teece, D.J., Pisano, G. & Shuen, A. (1997). “Dynamic capabilities and strategic management”. Strategic Management Journal, 18(7), 509-533.
Tippins, M.J. & Sohi, R.S. (2003). “IT competency and firm performance: is organizational learning a missing link?” Strategic Management Journal, 24(8), 745-761. https://doi.org/10.1002/smj.337.
Vázquez, A.M. (2011). “Competitividad e innovación en los sistemas vitivinícolas locales: el caso de la DO ‘Rías Baixas’Cuadernos de Estudios Agroalimentarios, 2, 153-174. Available in: http://www.fundacioncajamar.es/capitulocompetitividad-e-innovacion-en-los-sistemas-vitivinicolas-locales-el-caso-de-lado-rias-baixas-42.html.
Welter, C., Bosse, D.A. & Álvarez, S.A. (2013). “The interaction between managerial and technological capabilities as a determinant of company performance: An empirical study of biotech firms”. International Journal of Management, 30(1), 272.
Zhang, L., Sjögren, H. & Kishida, M. (2016). “The emergence and organizational persistence of business groups in China, Japan, and Sweden”. Industrial and Corporate Change, 25(6), 885-902. https://doi.org/10.1093/icc/dtw006.