"Economic History of the Holding Company: Zaibatsu and Corporate Governance"(in Japanese)
The aim of this paper is to make clear the role of zaibatsu in the prewar Japanese economy. Especially, we focus on the organization and function of the holding companies of zaibatsu. By early twenties century, several family businesses had accumulated large amount of capital, and invested it to multiple industries. In order to resolve the bound of control capacity, they reformed the organizational structure to set up the holding companies as the headquarters. The holding companies developed the devices to monitor and discipline the affiliated companies, which enabled zaibatsu to function as an internal capital market. The role of the holding companies was reflected in the fact that the zaibatsu affiliated companies outperformed the other companies in the same industry. Also, zaibatsu played the role of monitoring non-zaibatsu companies through take over in the capital market.
|Date of creation:||Jan 1999|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.cirje.e.u-tokyo.ac.jp/index.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:tky:jseres:99cj09. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CIRJE administrative office)
If references are entirely missing, you can add them using this form.