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Japanese Firm and Firm Groups in the Historical Perspective ; An Approach from Gorporate Governance and Organizational Capability

Research Project

Project/Area Number 06630063
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic history
Research InstitutionWaseda University

Principal Investigator

MIYAJIMA Hideaki  School of Commerce, Wasede University Professor, 商学部, 教授 (60182028)

Project Period (FY) 1994 – 1996
Project Status Completed (Fiscal Year 1996)
Budget Amount *help
¥1,700,000 (Direct Cost: ¥1,700,000)
Fiscal Year 1996: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 1995: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 1994: ¥700,000 (Direct Cost: ¥700,000)
Keywordscorporate governance / corporate finance / capital composition / cross shareholding / keiretsu (firm groups) / investment / international competitive edge. / growth of firm / コ-ポレト・ガ-ヴァナンス / 系列(企業集団) / コ-ポレート・ガ-ヴァナンス / 企業集団 / 糸列 / 株式相互接合 / コ-ポレート・ガ-バナンス / 所有構造 / メイン・バンクシステム / 財閥
Research Abstract

The purpose of this research project was to clarify the behavior structural, and functional characteristic of Japanese firm and firm groups in the historical perspective, mainly focusing on the period from the World War One to the Post Oil Crisis. The research period was divided into five sub-period such as 1) the interwar (1914-1937), 2) the wartime (1937-45), 3) the postwar reform (1945-55), 4) the high growth era (1955-1973), and 5) the post high growth era (1974--). Our focus was put on the corporate governance and finance of the Japanese large firms as well as the organizational capability of top management. In the first year (FY 1995), our main efforts were put on setting up our own data base of the high growth era concerning the ownership structure, capital composition, and corporate performance, using the data tape (later Compact disk) supplied by the Japan Development Bank. Next year, we tried to extend our data base to the wartime, and postwar reform period, adding the data for the presidential turnover in order to highlight the evolutionary process of the contingent governance structure. Third, and last year, the remaining taskwas to set up the data base for the interwar period. However, it was not regrettably finished, mainly because getting the uniformed firm level data for this period was so difficult that we had to gather necessary data from various sources. Products of this research project were presented and published in various occasion as is shown in column (11), including papers for estimating the investment function with the constraints of cash flow and regressing the presidential turnover on corporate performance in the historical perspective. The remaining task mainly composed of the structural and behaviors difference between zaibatsu comapanies and independent companies during interwar and wartime period would be clarified Soon as a follow up of this research project.

Report

(4 results)
  • 1996 Annual Research Report   Final Research Report Summary
  • 1995 Annual Research Report
  • 1994 Annual Research Report
  • Research Products

    (29 results)

All Other

All Publications (29 results)

  • [Publications] 宮島英昭: "企業集団・メインバンクシステムの形成と設備投資競争:高度経済成長期前半を中心にして" 武田晴人『日本産業発展のダイナミズム』東京大学出版会. 279-324 (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: "専門経営者の制覇:日本型経営者企業の成立" 山崎広明・橘川武郎編『「日本的」経営の連続と断絶』岩波書店. 75-124 (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: "財界追放と経営者の選抜:状態依存的(Contingent)ガヴァナンス・ストラクチュアの形成" 橋本寿郎編『日本企業システムの戦後史』東京大学出版会. (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: "日本型金融システムの形成と展開" 復旦大学日本研究所編『日本の金融システムとその変革』(中国語). 近刊.

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: "戦後日本大企業における経営者の交代と企業パフォーマンス:状態依存的ガヴァナンスの洗練と変容" mimeo,早稲田大学.

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima, Hideaki: "Bank centered Corporate Groups and Investment : the Evidence from the First Phase of High Growth Era in Japan" The Waseda Commercial Review. (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima,Hideaki: "Regulatory Framework,Government,Intervention and Investment in Postwar Japan: The Structural Dynamics of J-type Firm-Government Interaction" Miyajima,H.,and T. Kikkawa,eds,Competing policies for Competitiveness,Business Government Relationships in the Golden Age. Oxford University Press. (Forthcoming).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima,Hideaki: "Will Deregulation change Japanese Capitalism?: the Impact of Deregulation on Corporate Governance and Finance in J-type Firm" Tilton,M.,and L. Carlile eds,The Political Economy of Deregulation in Japan,Brooking Institute. (forthcoming).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima,Hideaki: "The Evolution and Change of Contingent Governance Structure in the J-Firm System : An Approach to Presidential Turnover and Firm Performance" Working paper,Waseda University,working paper 9606.

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima,Hideaki: "Japanese Interwar Policy Toward the Chemical Industries : The Origin of the Developmental State?." Waseda University. (submission to a journal).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: " "The Privatization of Ex-zaibatsu Holding Stocks and the Emenrgence of Back centered Corporate Groups in Japan." M. Aoki and H. Kim,eds. The Corporate Goverance in Transitional Economy : Insider Controls and The Role of Banks,The World Back,1995.361-403 (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: ""Back Centered Corporate Groups and Investment: Evidence from the First Phase of High Growth Era In Japan"" 早稲田商学. (近刊).

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 宮島英昭: "証券民主化再考--コ-ポレート・カヴァナンスの視覚から" 証券研究. Vol.112. 57-98 (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima, Hideaki: "Bank centered Corporate Groups and Investment : the Evidence from the First Phase of High Growth Era in Japan" The Waseda Commercial Review. (1996)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima, Hideaki: "Regulatory Framework, Government, Intervention and Investment in Postwar Japan : The Structural Dynamics of J-type Firm-Government Interaction" Miyajima, H., and T.Kikkawa, eds, Competing policies for Competitiveness ; Business Government Relationships in the Golden Age.Oxford University Press, Forthcoming.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima, Hideaki: "Will Deregulation change Japanese Capitalism? : the Impact of Deregulation on Corporate Governance and Finance in J-type Firm, Tilton, M., and L.Carlile eds" The Political Economy of Deregulation in Japan, Brooking institute. (forthcoming).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima, Hideaki: "The Evolution and Change of Contingent Governance Structure in the J-Firm System : An Approach to Presidential Turnover and Firm Performance" Working paper, Waseda University, working paper 9606.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Miyajima, Hideaki: "Japanese Interwar Policy Toward the Chemical Industries : The Origin of the Developmental State?" Waseda University. (in the process of submission to a journal).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Haruhito, Takeda: Kigyo-Syudan, Meinbanku Shisutemu no Keisei to Setsubitousi kyouso : Kodo Keizai Seityoki zenhan wo tyuusin ni shite. [The Formation of Corporate Groups, Main bank System and Investment Competition : in the case of first phase of high growth era.]" Nihon Sangyouhatten no Dainamizumu [Dynamism of Industrial Development in Japan]. University of Tokyo Press, (1995)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] H.Yamazaki and T.Kikkawa: "Sen'mon-Keieisya no Seiha : Nihon-Gata Keieisya-Kigyo no Seiritsu [The Managerial Revolution : The Emergence of Japanese-type Managerial Firm" Nihon-Teki Keiei no Renzoku to Danzetsu [The Continuity and Discontinuity of Japanese type of Management]. Iwanami Syoten, (1995)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Juro Hashimoto: "Zaikai Tsuihou to Keieisya no Senbatsu ; Joutai Izon-teki Gabanansu Sutorakutyua no keisei [The Economic Purge and the Screening of Top managers : the Emergence of Contingent Governance Structure]" Nihon Kigyou-Shisutemu no Sengo-Shi [Postwar History of Japanese Firm system]. University of Tokyo Press, (1996)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Fudan Univ.Institute of Japanese study: "Nihon-Gata Kin'yu-Shisutemu no Keisei to Tenkai [The Forming and Evolution of Japanese Financial system]" Nihon no Kin'yu-Shisutemu to sono Henkaku [Japanese Financial System and its Change]. Forthcoming (in Chiness),

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Waseda University: Sengo-Nihon Daikigyou ni okeru Keieisya no Koutai to Kigyou Pafoumansu : Jyoutai-Izonteki Gabanansu no "Senren" to Henyo [The Evolution and Change of Contingent Governance Structure in the J-Firm System : An Approach to Presidential Turnover and Firm Performance, ] mimeo.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Hideaki MIYAJIMA: "The Evolution of and Change of Contingent Governance Struoture in the J-Firm System : An Approach to Presidential Turnover and Firm Performance" Warking Paper Series,Institute for Research in Contemporary Politics and Economic Affairs.Waseda.Univ.No.9609. 1-42 (1997)

    • Related Report
      1996 Annual Research Report
  • [Publications] Hideaki MIYAJIMA: "Will Deregulation Change Japanese Capitalism ?" Lonmy Covile and Mark Tilton ad.,Political Economy of Deregulation in Japan,Brooking Institute. (近刊). 1

    • Related Report
      1996 Annual Research Report
  • [Publications] 橋本寿朗編著: "日本企業システムの戦後史、「財界追放と経営者の選抜」" 東京大学出版会, 305(43-108) (1996)

    • Related Report
      1996 Annual Research Report
  • [Publications] Hideaki MIYAJIMA,他: "Competing Policias for Competitiveness : "Regulatory Framework,Government Intervention and Investment in Postu" Japan : The Structure Dynamics J-Type Firm-Government Relationship." Oxford University Press (近刊),

    • Related Report
      1996 Annual Research Report
  • [Publications] 宮島英昭: "証券民主化再考-コ-ポレート・ガバナンスの視角から" 証券研究. 112号(校正中). 1-42 (1995)

    • Related Report
      1994 Annual Research Report
  • [Publications] 宮島英昭: "設備投資競争と企業集団・メイン・バンクシステム" 武田晴人編『日本産業発展のダイナシズム』東京大学出版会. (入校中). (1995)

    • Related Report
      1994 Annual Research Report

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Published: 1994-04-01   Modified: 2016-04-21  

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