Abstract
Purpose : The present study reflects the economic and financial analysis of major wine production firms in the Rioja 2008-2013. This work reflects the economic and financial analysis major wine production firms in the Rioja in 2008-2013. The study presents the main economic and financial indicators to diagnose the economic health of those companies in 2008-2013 by analyzing short and long term, an analysis of the results and an analysis of changes in equity and cash flows of the wineries. It also presents a comparison with the Catalan wineries to mime period. Design/methodology/approach: The data used comes from the statements of the wine industry in the period 2008-2013 in the Rioja (the SABI database) and in particular it contains a sample of wine producing companies considered large-level accounting (according to the General Accounting Plan). The Rioja companies have a minimum income of € 5.7 million and have minimum assets of € 2,85 million in the sample carried out using descriptive statistics and analysis of results and conclusions have been reached. Findings: The study identifies economic and financial health of the Rioja wineries that concentrate large part of sales, to assess whether they follow a balanced economic growth in the 2008-2013 period analyzed. Research limitations/implications: It would be desirable to extend the sample to small wineries and to get present data to confirm trend changes in economic and financial analysis. Practical implications: It allows us to assess the projection of this sector in recent years in the Rioja in order to take the appropriate economic decisions in this regard. Social implications: The results show that changes are needed in the sector so that Rioja wine companies can maintain their good position. Originality / value: For partnerships, cooperatives and wine companies to give relevant economic information and financial health of wine businesses in this difficult period with instructions to help meet the challenges of the future.
Highlights
Originalidad / Valor añadido: para las asociaciones, cooperativas y empresas vinícolas en general, muestra informaciones económicas y financieras relevantes de la salud empresarial de las empresas del vino durante este difícil período, con indicaciones a seguir para alcanzar retos de futuro
Design/methodology: The data used comes from the statements of the wine industry in the period 2008-2013 in the Rioja and in particular it contains a sample of wine producing companies considered large-level accounting
The Rioja companies have a minimum income of € 5.7 million and have minimum assets of € 2.85 million in the sample carried out using descriptive statistics and analysis of results and conclusions have been reached
Summary
A finales del siglo XX la región de la Rioja experimentó un notable crecimiento gracias al sector vinícola, con una posición preeminente dentro del sector vinícola español avalada por el 42% de las exportaciones del vino de calidad procedente de una región determinada (v.c.p.r.d) y un 46% del vino que se crea en el país. Esta difícil situación afecta especialmente a los viticultores de La Rioja con el consecuente efecto de la necesidad de innovaren la economía regional (tan dependiente del sector vinícola) con nuevas iniciativas como el enoturismo, el desarrollo rural mediante la implantación de más servicios para satisfacer a potenciales turistas clientes, ...no dejando de promocionar el mercado interior, ya que en España los vinos de La Rioja están considerados como vinos de calidad, con la voluntad de conseguir la deseada sostenibilidad para mantener la población rural y el medio natural de la región gracias a estos vinos de tradición milenaria. Iniciamos el estudio con el análisis de la situación financiera a corto plazo, para seguir con el análisis financiero a largo plazo, el análisis de los resultados, el análisis de las variaciones patrimoniales derivadas del Estado de Cambios en el Patrimonio Neto y el análisis de las variaciones de tesorería del Estado de Flujos de Efectivo
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