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New System of Industrial Concentration

In: German Business Management

Author

Listed:
  • Toshio Yamazaki

    (Ritsumeikan University)

Abstract

This chapter discusses the development of a new system of industrial concentration post WWII. Industry–bank relationships are important issues related to the system of corporate governance and German capitalism’s cooperative characteristics. These relationships developed through various mechanisms such as banks’ credit and securities businesses, the shareholdings and deposited stock system, assignment of directors from banks to corporations, and the advisory board system. Post WWII, large corporate group systems evolved during the dissolution and reconcentration of monopolies. First, this chapter examines the characteristics of postwar industrial concentration in Japan and compares them with those in Germany. Next, it analyzes new developments in Germany’s industrial systems based on industry–bank relationships from the perspectives of mechanisms of cooperative inter-firm relationships and corporate governance. Furthermore, it considers the restructuring of a system for large corporate groups in relation to the dissolution of monopolies under the occupation policy and their reconcentration in the latter half of the 1950s. Drawing on this discussion, this chapter explains the manner in which large business operations were restructured through reconcentration or concentration, and the resultant divisions of labor in business domains developed in response to oligopolistic competition.

Suggested Citation

  • Toshio Yamazaki, 2013. "New System of Industrial Concentration," Springer Books, in: German Business Management, edition 127, chapter 0, pages 71-99, Springer.
    • Handle: RePEc:spr:sprchp:978-4-431-54303-9_5
    DOI: 10.1007/978-4-431-54303-9_5
    as

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