000100506 001__ 100506
000100506 005__ 20170826004229.0
000100506 0247_ $$2Other$$aISBN 978-3-941766-03-7
000100506 037__ $$a1018-2016-81649
000100506 041__ $$aen
000100506 084__ $$aQ11
000100506 084__ $$aG14
000100506 084__ $$aC32
000100506 245__ $$aIs Wine a Financial Parachute?
000100506 260__ $$c2010-10
000100506 269__ $$a2010-10
000100506 270__ $$mlucia.baldi@unimi.it$$pBaldi,   Lucia
000100506 270__ $$mdaniela.vandone@unimi.it$$pVandone,   Daniela
000100506 271__ $$mschiefer@uni-bonn.de$$pSchiefer,   Gerhard
000100506 271__ $$mm.fritz@uni-bonn.de$$pFritz,   Melanie
000100506 271__ $$mulb20a@uni-bonn.de$$pRickert,   Ursula
000100506 300__ $$a16
000100506 336__ $$aConference Paper/ Presentation
000100506 520__ $$aThis paper analyzes the relationship between Global Wine Industry Share Price Indexes and composite stock
market indexes using a Threshold Vector Error Correction Model (TVECM), aiming to investigate if investments
in the wine sector play a role in determining financial risk and return to investors who include it in their
portfolio. Whilst in most of the literature analyses the return of investments of fine wine, this paper places the
focus to “normal” (i.e. non‐fine) wine, using data from the Mediobanca database covering companies in the
wine industry listed on regulated stock market in France, US, Australia, Chile and China . The dataset cover the
time period going from January 1, 2001, to the end of February 2009.
The estimates of the TVECM lead to the following results: i) in more mature markets, like France and the US, the
presence of a threshold in the relationship between wine index and composite index permit informed investors
to make gainful investments; ii) in less mature markets, like Chile and China, there is evidence suggest that wine
is not used as a financial parachute.
000100506 542__ $$fLicense granted by Ursula Rickert (ulb20a@uni-bonn.de) on 2011-02-21T10:12:34Z (GMT):

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000100506 650__ $$aAgribusiness
000100506 650__ $$aFarm Management
000100506 650__ $$aFood Consumption/Nutrition/Food Safety
000100506 650__ $$aProduction Economics
000100506 650__ $$aResearch Methods/ Statistical Methods
000100506 6531_ $$aWine sector
000100506 6531_ $$aStock Market
000100506 6531_ $$aThreshold Cointegration
000100506 700__ $$aBaldi, Lucia
000100506 700__ $$aVandone, Daniela
000100506 700__ $$aPeri, Massimo
000100506 720__ $$aSchiefer,   Gerhard$$eeditor
000100506 720__ $$aFritz,   Melanie$$eeditor
000100506 720__ $$aRickert,   Ursula$$eeditor
000100506 773__ $$o487$$q472
000100506 8564_ $$s356730$$uhttp://ageconsearch.umn.edu/record/100506/files/34-Baldi-Vandone-Peri.pdf
000100506 887__ $$ahttp://purl.umn.edu/100506
000100506 909CO $$ooai:ageconsearch.umn.edu:100506$$qGLOBAL_SET
000100506 912__ $$nSubmitted by Ursula Rickert (ulb20a@uni-bonn.de) on 2011-02-21T10:16:07Z
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  Previous issue date: 2010-10
000100506 982__ $$gInternational European Forum on System Dynamics and Innovation in Food Networks>2010 International European Forum, February 8-12, 2010, Innsbruck-Igls, Austria
000100506 980__ $$a1018