Raul Serrano

• Ph.D in Economics
• IA2 Research Institute at University of Zaragoza

(In press) This paper complements a new line of research that includes firm heterogeneity in trade models. The central idea of this research is that only the largest and most efficient firms are capable of exporting. However, empirical evidence has confirmed that a large number of SMEs is also involved in internationalisation. Given this context, t...

http://www.emeraldinsight.com/doi/abs/10.1108/CG-07-2016-0146 This paper analyses the relationship between ownership structure and financial performance in the five major European football leagues from 2007/08 to 2012/13 and examines the impact of the Financial Fair Play (FFP) regulation. The sample used is comprises of 94 teams that participated i...

This paper studies the relationship between internationalization and performance in agri-food firms. In line with the recent literature, it analyses the effects of the degree of internationalization using a uniform sample, a long-term focus and a measure that combines export intensity and regional diversification. The study empirically confirms the...

Aim of study: This study analyses how business strategy has influenced the export performance of the Spanish wine industry. In recent decades, Spain has been among those countries that have significantly increased their wine exports. Area of study: We used data collected from a survey comprising 339 Spanish wine-making companies Material and meth...

Purpose The purpose of this paper is to investigate the moderating effect of business networks on the export performance of firms. Design/methodology/approach Following recent studies conducted from a network perspective, this moderating effect is studied for different types of business networks. To do this, a two-step Heckman-probit model is impl...

Purpose This study aims to analyse the effect of strong network linkages with clients, suppliers, official bodies and complementary firms, on export performance, and whether these connections exercise a moderating effect on the distance between markets. Design/methodology/approach Using a Heckman model, this study analyses the factors influencing...

This paper analyses the market entry strategy of the Spanish wineries and their destination markets. For this purpose, channel adjustment has been analysed. The novelest aspect of this research is the use of exports on a winery level, basing the explanation of their exports performance on a combination of the internal decisions of the companies, th...

El trabajo aborda la relación entre el sistema de juego, como manifestación de la estrategiacompetitiva, y los resultados en la competición deportiva desde la perspectiva del análisisde crecimiento en LaLiga y Premier durante las temporadas 20/21 y 21/22. El análisis sefundamenta en el estudio de los sistemas de juego y su efecto en el crecimiento....

The objective of this study is to determine the factors that explain the orientation, of the wine industry and at firm level in Portugal and Spain for adopting policies to improve sustainability, identifying similarities and differences between the two countries. The study focuses on two countries that account for a relevant part of the global vine...

This study introduced the application of a new methodology to the assessment of sustainability for wineries in Spain. It adapted Rosen’s hedonic models, developed in other areas of the economy, to explain the environmental commitment of wineries in terms of trends in their attributes, considering: a) resources and capabilities; b) development varia...

The fight against climate change has become a basic vector for agri‐food business strategies. In Spain, commercial wineries (Investor Owner Firms, IOFs) and cooperatives are facing major challenges in adapting to the most stringent environmental requirements and in becoming sustainable and environmentally responsible companies. The European winemak...

Aim of study: To analyze the compatibility of sustainability with the business growth of wineries in Spain. Area of study: The data used come from a survey conducted in the years 202 and 2021, which was addressed to the all wineries located in Spain. Material and methods: The economic growth of wineries is conditioned by different factors; in thi...

This article studies the evolution of the competitive balance in the top European Football competitions. From a long-term perspective, 18 European leagues have been analysed from season 1992-93 to season 2018-19. The research concludes that the imbalance in competition has been permanent, exhibiting a stationary behaviour in the majority of the mar...

Purpose The paper analyzes the effects of financial fair play (FFP) in the competitive balance of European football industry throughout a long-term perspective. Design/methodology/approach The authors analyze the evolution of the competitive balance in the European football industry through a time-series analysis from season 1992/93 to 2018/19. F...

This paper examines how participating in domestic clustered networks in the agri‐food industry affects the export status and export intensity of small and medium‐sized enterprises (SMEs). The Uppsala internationalization process model has been revisited in light of the knowledge that these networks can contribute to promoting the presence of SMEs a...

This paper examines how participating in domestic clustered networks in the agri-food industry affects the export status and export intensity of SMEs. The Uppsala internationalisation process model has been revisited in the light of the knowledge that these networks can contribute to promoting the presence of SMEs abroad. The study uses a sample of...

Wineries in the “old world” export almost 40% of their production. This study analyzes the influence of vertical and horizontal networks on export performance. We draw on a sample of 183 Spanish wineries and examine the main independent variables using a two-step Heckman model. We find positive effects of horizontal networks and—at a somewhat lower...

This paper examines if collaborative networks affect the export status in family firms (FFs) and if the effect of networks is different regarding the degree of internationalisation of the firm. For the empirical analysis, a dynamic Heckman-Probit model is used, using in the second stage a quantile regression model, which shows the networks' effect...

In this paper the factors that influence the individual performance of a cyclist in the Vuelta a España are analyzed. To carry out this analysis, different attributes ranging from individual factors to team quality or experience will be taking into account. The objective of this study is to observe individual performance in the race. This will allo...

In the last two hundred years, agricultural trade has grown at a remarkably rapid rate. Chapter 3 deals with the globalisation of this trade. In the first globalising wave, international trade was based on the exchange of primary products for manufactured goods. This provided important opportunities for complementarity in certain countries on the p...

In recent years the literature has expanded its focus by introducing firm heterogeneity in international trade models (Melitz, 2003; Chaney, 2008; Bernard et al., 2012; among others). Several studies have highlighted the need to include more of the firms’ individual characteristics (Bernard et al., 2012). The paper, from the network theory point of...

La hipótesis Rottenberg (1956) ha sido objeto de numerosos trabajos desde que se enfatizara sobre el impacto negativo de competiciones poco equilibradas. El interés es creciente en el caso de la industria del fútbol europeo donde la norma son competiciones desequilibradas, apuntado una reciente concentración en la industria asociada, entre otros fa...

What am I doing now? This is a question that most students wonder when they finish their university studies. Entering the labor market is an issue which concerns businesses, students and universities. Therefore, this study expect to help both graduates and universities to improve the knowledge of what the labor market demands. In particular, the ai...

In the second half of the twentieth century, Latin American countries lost a substantial part of their importance in worldwide exports of agricultural and food products. Given this context, the objective of this article is to analyse the determinants of the evolution of agricultural exports from Latin America, paying special attention to the influe...

The objective of the present study is to offer a general overview of the evolution of international trade in agricultural and food products between 1945 and 1960. The developed countries not only maintained policies of stimulating agricultural production implemented during the war, but also deepened their intervention and support with regard to the...

The objective of this study was to analyse, from a long-term perspective, the factors determining the process of the internationalisation of the Spanish agrifood industry. The paper concentrates on the empirical verification of the existence of a home market effect in the food and drink industries in Spain and on the effects on trade flows of integ...

Understanding a firm's internationalization process, including entry mode decisions, has attracted increasing attention from the literature in international business. However, most of the existing literature on exportation by agri-food firms examines single-stage decision making processes based on the decision of whether or not to export, which exp...

The aim of this article was to deepen the study of the determinants of the sporting event’s demand. Specifically, this study is focused on the relationship between the expected quality of the event and attendance at the European football stadiums. The study explores the Rottemberg Hypothesis (1956), which states the existence of a positive effect o...

El objetivo del artículo es analizar cuál ha sido el papel jugado por el sector agroalimentario español en la segunda globalización. En 2011 España era el séptimo estado del mundo por el valor de sus exportaciones alimentarias (Biardi, Bianchi y Lorenzini, 2013) ¿Cómo ha llegado a esta situación un país que al comienzo de la década de los cincuenta...

Latin American Economic Review - The principal objective of the present study is to explain the changes in the direction of agri-food trade flows during the second half of the twentieth century. Since the end of the Second World War, trade has tended to be concentrated among developed countries, breaking the pattern of complementarity among industr...

El objetivo de este trabajo es profundizar en el estudio de los determinantes de la demanda de eventos deportivos. Especialmente, el estudio se centra en la relación entre la calidad del evento y la asistencia a los estadios de fútbol través de una estimación de la función de demanda para las cinco grandes ligas europeas. En el caso del fútbol euro...

This study examines the reasons for changes in the composition of international trade in agricultural and food products. We use a Gravity Model to compare the impact of the key factors in bilateral agri-food trade, which we split into three main product groups following Rauch’s classification of goods, between 1963 and 2010 for a representative sam...

Recientemente, la UEFA ha puesto en marcha normas de “fair play financiero” para introducir más disciplina y racionalidad en las finanzas de los clubes de fútbol. La inestabilidad financiera está repercutiendo negativamente en las condiciones de la industria. En este escenario, Michie y Oughton (2005) apuntan la necesidad en considerar formas alte...

El nivel de competencia en la industria del deporte ha sido objeto de números trabajos desde que Rotteberg en 1956 enfatizara sobre los efectos negativos en la demanda y en los ingresos de competiciones poco equilibradas. Siguiendo trabajos previos, basados en el análisis de series temporales y ruptura estructural en la competencia de industrias de...

The objective of this study is to determine the causes of the loss of share of agricultural products and food in international trade. The article compares, using a gravity model, the impact of various factors upon bilateral trade in agricultural products, in manufactures and in total trade, between 1963 and 2000 for a representative sample of 40 co...

This paper examines the performance, evolution and changing geographical structure of agrifood trade in the second half of the twentieth century. We have constructed a set of both aggregate trade series and breakdowns by region. Furthermore, we perform econometric analyses of these new series to throw light on their behaviour and allow a clearer ex...

This study aims to answer whether empirical records confirm the existence of a secular decline in the terms of trade affecting primary producers (the Singer–Prebisch hypothesis). The paper analyses the evolution of the terms of trade for agricultural and food products in the second half of the 20th century. We obtain sixty new real price indices fo...

The proliferation of regional trade agreements in the last decades of the 20th century has intensified the debate about the different processes of regional integration. This study contributes to this debate by analysing the principal determinants of the growth in trade flows of the countries making up the European Union.

The objective of the present study is to analyse the causes of the growth of international agricultural and food trade in volume terms from 1951 to 2000. The results suggest that income growth has been the principal reason for this expansion, while exchange rate stability and the real price of agricultural products played only a minor role. Multila...

Este artículo analiza el comportamiento, evolución y la cambiante composición geográfica del comercio agroalimentario en la segunda mitad del siglo XX. Para ello hemos construido una serie agregada del comercio mundial de estos productos, así como un grupo de series regionales. Además hemos realizado un análisis econométrico de estas nuevas series...

Journal of Wine Economics - The objective of the present study is to analyze the overall trajectory of Spanish table wine exports during the period 1871–1935 and provide convincing explanations of the pattern. Thus, we employ an approach that takes all of the possible explanatory factors into account, instead of adopting a narrower approach which f...

The proliferation of regional trade agreements in the last decades of the 20th century has intensified the debate about the different processes of regional integration. This study contributes to this debate by analysing the principal determinants of the growth in trade flows of the countries making up the European Union. The work analyses EU agri‐f...