A comparison between the cooperative and corporation in the Italian wine sector

The wine sector in Italy is particularly important for the country's economy. This appears to be a strategic sector between those who belong to the agricultural sector and it is extremely important in a context where the quality of the good food is increasingly felt by consumers. In this context, improving of "Made in Italy" is a priority. However in addition to the quality of the product it is important efficiency production in order to compete effectively. In this sense, the study focuses on the legal form that winery can assume, considering how legal form can affect the cost of business. Especially in the Italian context, regulatory issues play a key role in making the firm’s governance more or less responsive to the specific economic sector. In particular, the study focused on the two legal forms of company prevailing in this business: the corporation and the cooperative. Both of these legal forms have own specificity and therefore, they have specific advantages and disadvantages that characterise them.