The main purpose of the article is to analize the last stage of developments in the modern entrepreneurship in Germany. After the foundation of the Reich, crisis in 1873 marked the gradual transformation of the lasses-faire economy of free competition into the monopolistic capitalism. Concentration movement was the main feature of the age. The writer describes the two instances. The one is
Vereinigte Maschinenfabrik Augsburg und Maschinenbaugesellschaft Nürnberg A.G., a case of a<
offene Fusion>of two mashine companies in Bavaria in 1898. The another case of merger between
Hegenscheidt and
Caro was more complicated. The two groups which had been highly competitive, were, through a trasitional form agreed in 1887, finally fused into
Oberschlesische Eisenindustrie A.G. für Bergbau und Hüttenbetrieb in 1889. A typical metamorphosing entrepreneur was Einil Kirdorf, who was at the same time general manager of
Gelsenkirchener Bergwerk-A. G., succeeded in joing the greatest coal cartel,
Rheinisch-westfälisches Kohlensyndikat in 1893 and took up his post as chairman.
The writer concludes that in the eighteen-nineties, with the advance of concentration into large scale enterprise (cartelisation, trustification), a new type of entrepreneurs began to be originated. A leading personalily, seating on the Pupervisory Board (
Aufsichtsrat) or becoming a top (or a member) of Managing Board (
Vorstand), fulfiled his entrepreneural tasks through cartel, trust or “Konzern”.
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