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Survival in the French wine industry: cooperatives vs corporations

Abstract : This paper examines the survival rates of cooperatives. Traditional theories suggest that cooperatives are inefficient and consequently are prone to failure, but recent literature suggest they could be more resilient. Can cooperatives cope better? We found that French wine cooperatives survive longer than corporations. This result is robust to semi-parametric and parametric models, even when we control for mergers and acquisitions exits. The higher survival rate of wine cooperatives seems to be associated with an ability to shift the fluctuations of their environment to their members.
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Submitted on : Wednesday, June 12, 2019 - 3:28:48 PM
Last modification on : Wednesday, November 3, 2021 - 7:42:53 AM

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  • HAL Id : hal-02153848, version 1

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Justine Valette, Paul Amadieu, Patrick Sentis. Survival in the French wine industry: cooperatives vs corporations. ICA Research International Conference (International Cooperative Alliance), May 2016, Almeria, Spain. ⟨hal-02153848⟩

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