Factors Affecting the Competitiveness of the Greek Wine Enterprises and Cooperatives
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The present paper investigates the effect of certain economic factors on the competitiveness of Greek Wine Enterprises and Unions of Agricultural Cooperatives (UACs). Data on 41 wineries and 10 UACs of Greece was collected for a period of three years (2004-2006). Financial analysis results were used with the help of a fixed effect model-panel data technique- using profitability as dependent variable in order to measure the competitiveness of wineries. The results indicated that the size of the enterprise as well as the square of the capital intensity have a positive influence on the winery’s profit.