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dc.contributor.authorBowden, Bradley
dc.contributor.authorInsch, Andrea
dc.contributor.editorShawn Carraher
dc.date.accessioned2017-05-03T12:11:10Z
dc.date.available2017-05-03T12:11:10Z
dc.date.issued2013
dc.date.modified2014-04-09T00:07:12Z
dc.identifier.issn1751-1348
dc.identifier.doi10.1108/17511341311286204
dc.identifier.urihttp://hdl.handle.net/10072/54326
dc.description.abstractPurpose The development of the Pacific seaborne coal trade since 1960 has been central to East Asia's economic expansion. In exploring the growth of this trade this paper seeks to understand why Japanese steel mills (JSMs), the world's largest coal importers, used few of the strategies that one would expect in the light of resource dependency theory, relying instead on market exchanges. Design/methodology/approach This study relies primarily on archival sources, held by the Departments of Mines and Natural Resources in Victoria (British Columbia) and Brisbane (Australia) to reconstruct changing patterns of supply and price in the Pacific coal trade. Findings It is found that by relying on a strategy that amounted to "vertical quasi-integration" JSMs were able to use their combined power to dictate the terms of market exchanges with buyers during the 1980 and 1990s. By 2000, however, this strategy had become counter-productive, as low prices fostered the emergence of a powerful Australian-based selling oligopoly. Research limitations/implications The study contributes towards the growing study of transnational events, experiences and institutions in management history, filling a noticeable gap in resource dependency theory, which has not previously explored the long-term consequences of strategies aimed at reducing dependency. Practical implications East Asia has become the major engine for world economic growth and manufacturing output since the 1970s, and this study explores for the first time the genesis and development of the Pacific coal trade that has underpinned this growth. Social implications - The study demonstrates the long-term adverse consequences of attempts to manipulate buyer-supplier relationships to minimise cost inputs. By creating a low-cost environment, coal buyers ensured the emergence of a sellers' cartel that eventually forced up world coal prices to the detriment of consumers. Originality/value - No previous study has attempted a study of a major international commodity trade over such an extensive timeframe. It is likely that similar attempts to manipulate supply and price in other commodity trades will, over time, result in similar outcomes.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent242760 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherEmerald Group Publishing
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom73
dc.relation.ispartofpageto86
dc.relation.ispartofissue1
dc.relation.ispartofjournalJournal of Management History
dc.relation.ispartofvolume19
dc.rights.retentionY
dc.subject.fieldofresearchEconomic History
dc.subject.fieldofresearchOrganisation and Management Theory
dc.subject.fieldofresearchBusiness and Management
dc.subject.fieldofresearchMarketing
dc.subject.fieldofresearchHistory and Philosophy of Specific Fields
dc.subject.fieldofresearchcode140203
dc.subject.fieldofresearchcode150310
dc.subject.fieldofresearchcode1503
dc.subject.fieldofresearchcode1505
dc.subject.fieldofresearchcode2202
dc.titleA study of resource dependency: the coal supply strategy of the Japanese steel mills, 1960-2010
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Dept of Employment Relations and Human Resources
gro.rights.copyright© 2013 Emerald. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2013
gro.hasfulltextFull Text
gro.griffith.authorBowden, Bradley


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