Under Political Uncertainties:Organisational Changes in the Imperial Continental Gas Association, 1824?1987

Ryo Izawa ()
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Ryo Izawa: Faculty of Economics, Shiga University

Discussion Papers CRR Discussion Paper Series A: General from Shiga University, Faculty of Economics,Center for Risk Research

Abstract: This study followed the brief history of a British multinational utility enterprise, Imperial Continental Gas Association (ICGA). The company passed through successive waves of technological and political shocks throughout its life. In particular, political issues such as municipalisation, wars, international taxation and nationalisation had a critical impact on its corporate behaviours. Some political events, such as compulsory liquidation by the German occupation government during the First World War, forced the company to divest its works. The fear of deprivatisation and international double taxation prompted the company to decentralise its corporate structure, whereby ICGA gradually shifted from a company with over-centralism to a pure holding company during the first half of the 20th century. Eventually, the political capabilities nurtured by these experiences contributed to the survival of ICGA for 164 years.

Keywords: Risk; Political risk; Political capabilities; Business history; International business; International taxation; Public utility company (search for similar items in EconPapers)
Pages: 17 pages
Date: 2017-05
New Economics Papers: this item is included in nep-his and nep-pol
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https://www.econ.shiga-u.ac.jp/risk/DPA24Izawa20170502.pdf First version, 2017 (application/pdf)

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