Vertical Integration and Profitability of the Agrifood Industry in an Economic Crisis Context
NAGIOS: RODERIC FUNCIONANDO

Vertical Integration and Profitability of the Agrifood Industry in an Economic Crisis Context

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Vertical Integration and Profitability of the Agrifood Industry in an Economic Crisis Context

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dc.contributor.author Grau Grau, Alfredo Juan
dc.contributor.author Reig Pérez, Araceli
dc.date.accessioned 2017-11-22T09:55:34Z
dc.date.available 2017-11-22T09:55:34Z
dc.date.issued 2015
dc.identifier.uri http://hdl.handle.net/10550/63248
dc.description.abstract In a setting of economic and financial crisis, most companies experienced a reduction in their profitability. Thus, our study allows us to identify vertical integration strategies developed by companies to overcome the crisis. This paper is aimed at unveiling the determining factors of the profitability of Spanish agrifood firms, depending on whether they are backwards vertically integrated or not. In order to attain our objective, we implemented a first difference regression model. The main contributions of the article lie in the incorporation of a variable that distinguishes integrated firms from the rest and the separate analysis of the two groups of firms. The results suggest that firms that seek to differentiate themselves, either through offering a specific product or through providing higher quality with a view to maintaining their reputation, are more likely to adopt vertical integration due to the higher transaction costs of relations with suppliers. The grouping carried out in this study is shown to be highly relevant as asset structure implies different strategies for actions aimed at increasing profitability.
dc.language.iso eng
dc.relation.ispartof Spanish Journal Of Agricultural Research, 2015, vol. 13, num. 4, p. 1-14
dc.rights.uri info:eu-repo/semantics/openAccess
dc.source Grau Grau, Alfredo Juan Reig Pérez, Araceli 2015 Vertical Integration and Profitability of the Agrifood Industry in an Economic Crisis Context Spanish Journal Of Agricultural Research 13 4 1 14
dc.subject Economia
dc.subject Crisi financera global, 2007-2009
dc.title Vertical Integration and Profitability of the Agrifood Industry in an Economic Crisis Context
dc.type info:eu-repo/semantics/article
dc.date.updated 2017-11-22T09:55:34Z
dc.identifier.doi https://doi.org/10.5424/sjar/2015134-7487
dc.identifier.idgrec 107272

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