IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v59y1999i04p997-1015_02.html
   My bibliography  Save this article

An Analysis of Japanese Corporate Structure, 1915–1937

Author

Listed:
  • Frankl, Jennifer L.

Abstract

Corporate groups have been very important in the economies of many developing countries, including prewar Japan, where zaibatsu controlled approximately one-third of the capital stock. Regression analysis of a new firm-level financial data set distinguishes the economic behavior of zaibatsu member firms from independent firms. The only significant difference between old-zaibatsu member firms and independent firms is that some measures of earnings of old zaibatsu were less stable. The earnings of new-zaibatsu firms were higher, faster-growing and less variable than those of independent firms. These results cast doubt on the anecdotal literature about old zaibatsu.

Suggested Citation

  • Frankl, Jennifer L., 1999. "An Analysis of Japanese Corporate Structure, 1915–1937," The Journal of Economic History, Cambridge University Press, vol. 59(4), pages 997-1015, December.
    • Handle: RePEc:cup:jechis:v:59:y:1999:i:04:p:997-1015_02
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050700024116/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. John P. Tang, 2011. "Technological leadership and late development: evidence from Meiji Japan, 1868–1912," Economic History Review, Economic History Society, vol. 64(s1), pages 99-116, February.
    2. Mitsuru Sunada, 2012. "Competition among movie theaters: an empirical investigation of the Toho–Subaru antitrust case," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 36(3), pages 179-206, August.
    3. Yoshiro Miwa & J. Mark Ramseyer, 2003. "Does Ownership Matter? Evidence from the Zaibatsu Dissolution Program," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 12(1), pages 67-89, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:59:y:1999:i:04:p:997-1015_02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.