The family variable in the wine sector: an Italian perspective
by Laura Broccardo; Elisa Giacosa; Alberto Ferraris
International Journal of Management Practice (IJMP), Vol. 8, No. 3, 2015

Abstract: The main goal of this study is to analyse the impact of the family variable on performance in the Italian wine sector. We referred to several studies in which the family could be considered a missing variable in management research. The analysis was conducted in both family firms (FFs) and non-family firms (NFFs) to determine the similarities, differences and impact on performance. The research population was composed of all the 369 medium and large-sized Italian companies operating in the Italian wine sector existing in October 2014. Data were extracted from the Amadeus database. The analysis considered three years (2011-2012-2013). From this paper it emerged that FFs outperform NFFs in terms of economic performance in Italian wine firms (with the exception of the Earnings before interest and taxes - EBIT - margin). However, in terms of financial performance, NFFs outperform FFs (with the exception of the solvency ratio). So, this study highlights that the family variable is partially relevant to achieving good performance and has different significance to the firms.

Online publication date: Wed, 28-Oct-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management Practice (IJMP):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email