Competitive strategies, risks, and financial index relations in olive oil manufacturing firms: Evidence from Greece

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Abstract

The olive oil sector in Greece is a sector of special importance not only for agriculture but for the whole Greek economy. Despite the dynamic presents, olive oil manufacturing firms have to face many problems such as structural problems, low technological exploitation, and differences in the product price from producers to consumers. On the other hand, competitiveness is a concept difficult to measure and define accurately but is usually estimated either with Porter’s five forces or with the use of financial indexes — the method also selected for this paper (Fischer & Schornberg, 2007). As a result the competitiveness estimation of these firms and as an extension the choice of the proper development strategies from them takes great importance and constitutes the aim of the current work. In addition, it is coming to fill the existing gap in the literature for the Greek olive oil sector. The main findings show that both the two largest olive oil manufacturing firms in terms of market share in the under study area have satisfactory results in terms of profitability, liquidity, and capital structure while the right investments of their profits may lead to the solution of their competitiveness problems.

Keywords: Competitive Strategies, Olive Oil Manufacturing Firms, Greece, Financial Indexes

Authors’ individual contribution: Conceptualization — C.K.; Methodology — C.K.; Formal Analysis — M.T. and P.P.; Investigation — I.A.; Writing — Original Draft — C.K. and M.T.; Writing — Review & Editing — I.A. and P.P.; Supervision — C.K. and M.T.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: D40, F30, L13

Received: 28.06.2024
Accepted: 10.01.2025
Published online: 14.01.2025

How to cite this paper: Konstantinidis, C., Tsiouni, M., Plioska, P., & Antoniadou, I. (2025). Competitive strategies, risks, and financial index relations in olive oil manufacturing firms: Evidence from Greece. Risk Governance and Control: Financial Markets & Institutions, 15(1), 75–81. https://doi.org/10.22495/rgcv15i1p7