Montgomery, Cynthia A.; Wernerfelt, Birger - In: Management Science 37 (1991) 8, pp. 954-959
Using financial measures of performance we investigate the sources of value creation in the U.S. brewing industry between 1969 and 1979. We find that market share gains in this industry at this time are not correlated with changes in value and that the performance of individual leading firms is...