Toms, JS, Higgins, D and Uddin, M (2016) Vertical monopoly power, profit and risk: The British beer industry, c.1970-2004. Business History, 58 (5). pp. 667-693. ISSN 1743-7938
Abstract
By investigating surplus and risk distribution in the British brewing industry, this paper shows that risk and risk transfer are important dimensions of vertical supply chain relationships. A comparative financial analysis shows the effects of models of vertical ownership before and after the break-up of producer controlled tenanted estates and the strategy and performance of pub-owning companies. Contrasting mechanisms for controlling the capture of surplus and division of risk are evaluated. The paper complements prior studies that have concentrated on the brewers by assessing winners and losers amongst pub owning companies and tenants in different models of vertical organisation and how they might be effectively regulated.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015, Taylor & Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in Business History on 01 Jun 2015, available online: http://www.tandfonline.com/10.1080/00076791.2015.1041381. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Beer industry; United Kingdom; Pub Companies; vertical control; risk; regulation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 11 May 2015 14:57 |
Last Modified: | 08 Dec 2016 07:00 |
Published Version: | http://dx.doi.org/10.1080/00076791.2015.1041381 |
Status: | Published |
Publisher: | Taylor & Francis (Routledge) |
Identification Number: | 10.1080/00076791.2015.1041381 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:85775 |