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An Analysis of Japanese Corporate Structure, 1915–1937

Bibliographic Data

ID10099701
AuthorsJennifer L Frankl (Williams College, corresponding author)
Year1999
Volume59
Issue4
Pages997-1015
Publication date1999-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700024116
OpenAlexW2052516258
LanguageEN
Citations received3
References cited15

Corporate groups have been very important in the economies of many developing countries, including prewar Japan, where zaibatsu controlled approximately one-third of the capital stock. Regression analysis of a new firm-level financial data set distinguishes the economic behavior of zaibatsu member firms from independent firms. The only significant difference between old- zaibatsu member firms and independent firms is that some measures of earnings of old zaibatsu were less stable. The earnings of new- zaibatsu firms were higher, faster-growing and less variable than those of independent firms. These results cast doubt on the anecdotal literature about old zaibatsu

Business · Earnings · Economics · Variables · Accounting · Culture, Economy, and Development Studies · Historical Economic and Social Studies · Italy: Economic History and Contemporary Issues

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Unique citing works3
Citations per year0,16
Citation span2007 - 2015 (9)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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