The key role of banks in the lifecycle of Bordeaux wine cooperatives
Language
en
Article de revue
This item was published in
Journal of Wine Economics. 2018, vol. 13, n° 3, p. 309-327
Cambridge University Press (CUP)
English Abstract
In this article, we investigate a possible conflict between two core objectives of cooperatives, members' income, and continuity, by examining the link between debt and the price paid to producers for Bordeaux wine ...Read more >
In this article, we investigate a possible conflict between two core objectives of cooperatives, members' income, and continuity, by examining the link between debt and the price paid to producers for Bordeaux wine cooperatives, according to their downstream strategies: (1) the traditional strategy, which is to sell wine in bulk to negociants; (2) joining a federation of cooperatives which blends and puts the wine in the retail market; and (3) vertical integration. We show that downstream strategies are related to different lending regimes, making the relationship between banks and cooperatives a key issue for the lifecycle of cooperatives.Read less <
English Keywords
banking
cooperative federation
cooperative finance
lifecycle
vertical integration
Origin
Hal imported