IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

"Economic History of the Holding Company: Zaibatsu and Corporate Governance"(in Japanese)

  • Tetsuji Okazaki

    (Faculty of Economics, University of Tokyo)

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.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE J-Series with number CIRJE-J-9.

in new window

Length: 109 pages
Date of creation: Jan 1999
Date of revision:
Handle: RePEc:tky:jseres:99cj09
Contact details of provider: Postal: Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033
Phone: +81-3-5841-5644
Fax: +81-3-5841-8294
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

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 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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.