Title: Economic performance of wine production in EU: a multi-indicator comparative analysis

Authors: Aleksandra Figurek; Alkis Thrassou; Demetris Vrontis

Addresses: GNOSIS Mediterranean Institute for Management Science, School of Business, University of Nicosia, 46 Makedonitissas Avenue, CY-2417, P.O. Box 24005, CY-1700, Nicosia, Cyprus, EU ' GNOSIS Mediterranean Institute for Management Science, School of Business, University of Nicosia, 46 Makedonitissas Avenue, CY-2417, P.O. Box 24005, CY-1700, Nicosia, Cyprus, EU ' GNOSIS Mediterranean Institute for Management Science, School of Business, University of Nicosia, 46 Makedonitissas Avenue, CY-2417, P.O. Box 24005, CY-1700, Nicosia, Cyprus, EU; Department of Management Studies, Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon; S P Jain School of Global Management – Dubai Campus, Dubai, United Arab Emirates

Abstract: This paper focuses on the specialised EU wine producers participating in the farm accountancy data network (FADN), and employs the FADN approach to perform a multi-indicator comparative examination of the income of European wine production. The research substantively contributes to the development of a more precise approach and suitable indicators that are requisite in measuring the economic performance of EU wine production. Specifically, the indicators of economic performance in wine production are farm net value added (FNVA), FNVA annual working unit (AWU), farm net income (FNI), and family farm income (FFI/FWU). The ratio between total production (total output) and the inputs used in production activities, such as intermediate consumption and particular expenses, is an indication of the overall productivity of an agricultural farm. FADN provides the opportunity to accomplish performance targets including monitoring the development of agricultural income and assessing how European policies affect agricultural firms.

Keywords: FADN; farm accountancy data network; wine; EU; FNVA; farm net value added; FNI; farm net income; family farm income (FFI/FWU); subsidies; CAP; common agriculture policy.

DOI: 10.1504/JGBA.2023.137469

Journal for Global Business Advancement, 2023 Vol.16 No.1, pp.3 - 30

Received: 30 Nov 2023
Accepted: 04 Dec 2023
Published online: 19 Mar 2024 *

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