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Volume 18, Issue 2
Displaying 1-4 of 4 articles from this issue
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William D. Wray1983 Volume 18 Issue 2 Pages 1-22,i
Published: July 30, 1983
Released on J-STAGE: May 07, 2010
JOURNAL FREE ACCESSThis paper deals with the plans for a merger between the N.Y.K. and the O.S.K. and the effects that the failure of the negotiations had on N.Y.K. management.
Japan's large shipping companies were relatively independent of the zaibatsu to which they belonged. However, in the late 1920s and early 1930s several forces prompted Mitsubishi to take a more ieterventionist policy toward the N.Y.K. These forces included N.Y.K. managerial dissension and the financial problems of the depression. In particular Mitsubishi favored N.Y.K.-O.S.K. cooperation because it had developed close financial ties with the O.S.K., which had become a major market for its ships.
Kagami Kenkichi, the leading financial executive within the Mitsubishi zaibatsu, tried to implement cooperation and merger with the O.S.K. during the early years of his tenure as N.Y.K. president. The principal focus of this paper is Kagami's attempt to negotiate this merger and the opposition that arose against it from “mainstream” N.Y.K. executives, that is, managers who had spent their whole careers with the company. These managers were more concerned with obtaining government subsidies and preserving the identity of their firm than with negotiations for the merger. Their successful opposition strengthened the forces of company autonomy.View full abstractDownload PDF (2990K) -
Yasuo Mishima1983 Volume 18 Issue 2 Pages 23-51,ii
Published: July 30, 1983
Released on J-STAGE: November 06, 2009
JOURNAL FREE ACCESSThe origin of Yamaguchi Zaibatsu was opened by Kichirobei Yamaguchi (first) as a draper at Osaka in 1824. Kichirobei (second) changed his business to money-changer in 1863. After the Meiji Restoration, Yamaguchi family established 148th National Bank in 1879, and this bank changed to private. Yamaguchi Bank in 1898. Thereafter, Yamaguchi family invested to Nihon Seimei (life insurance), Osaka Chochiku Ginko (savings bank), Kansai Shintaku (trust company), Kyodo Kasai Kaijo (fire and marin insurance) and so on.
Yamaguchi family established Yamaguchi Limited Partnership (¥10, 000, 000) as holding company in 1920 and formed Yamaguchi Zaibatsu. It had developed as a middle-scale financial Zaibatsu untill the end of second World War. The reasons of development were :
1. delegations of management power to able managers,
2. good selections of investments to stable financial and insurance companies,
3. effective utilizing of capitals by reducing the percentage of investment to 10-50% in all capitals of these companies.
After the second World War, Yamaguchi Zaibatsu was not designated to Zaibatsu holding company by the Supreme Commander of Allied Forces, but it was going way of dissolution by the huge property tax, and the decreasing of values of holding stocks. Yamaguchi Limited Partnership closed its 30 years history in 1950.View full abstractDownload PDF (3650K) -
[in Japanese]1983 Volume 18 Issue 2 Pages 52-65
Published: July 30, 1983
Released on J-STAGE: November 06, 2009
JOURNAL FREE ACCESSDownload PDF (2000K) -
[in Japanese]1983 Volume 18 Issue 2 Pages 66-72
Published: July 30, 1983
Released on J-STAGE: November 06, 2009
JOURNAL FREE ACCESSDownload PDF (945K)
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