明治期における株主と株主総会
-鉄道業の合併をめぐって-
1988 年 23 巻 2 号 p. 33-58,ii
詳細
1988 年 23 巻 2 号 p. 33-58,ii
Many of the modern companies in Japan have developed as jointstock companies.
In respect that those jointstock companies raised funds mainly by issuing stocks, the role of stockholders was important. And it is stockholders' meetings that ensure the rights of those stockholders who invested in the companies. It is, however, debated that stockholders' meetings in these days are nothing but are held as a matter of form.
The purpose of this paper is to survey the function of the stockholders' meetings in the Meiji Era when the modern companies had just come into existence.
The object of my study in this paper is the stockholders' meetings for the mergers of railroad companies. It is because the merger was, and of course is, one of the most important affairs for the companies, and also for the stockholders concerned. Moreover stocks of a railroad company had relatively wide distribution in those days.
In this paper mergers are divided into three kinds of cases. The first is the case where the estimated value of the company which was merged was lower than the stock price of the company. In the second the former was equal to the latter, and the third is of an opposite kind to the first.
