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'Shareholder value' versus the regions: The closure of the Vaux Brewery in Sunderland

Lookup NU author(s): Professor Andy Pike

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Abstract

'Financialization' and 'shareholder value' loom large in the closure of the Vaux Brewery in Sunderland. They are necessarily intertwined with the geographies of space and place. Geography inevitably enters into assessments of shareholder value by social agents. A geographical political economy approach argues that generalized pressures created by financialization and shareholder value are mediated and contested by specific and particular configurations of spatialized social relations, social agency, and socio-institutional contexts over time, across space, and in place. Geographical political economy frames the analysis of the Vaux Brewery closure in Sunderland. A more spatially sensitive, place aware, and locally and regionally rooted financial infrastructure may be necessary but not sufficient to underpin local and regional development. © 2006 Oxford University Press.

Publication metadata

Author(s): Pike A

Publication type: Article

Publication status: Published

Journal: Journal of Economic Geography

Year: 2006

Volume: 6

Issue: 2

Pages: 201-222

Print publication date: 01/04/2006

ISSN (print): 1468-2702

ISSN (electronic): 1468-2710

URL: http://dx.doi.org/10.1093/jeg/lbi005

DOI: 10.1093/jeg/lbi005

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