The Organization of Enterprise in Japan

• 成果类型: Article
• 署名作者: Harvard University
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050715000649
• 发表日期: 2015
• 页码: 333-363
• 关键词: meiji japan; institutions; corporation; LAW

摘要

Recent research indicates the joint stock form was not a superior type of business organization in many countries historically. In Japan. however, its role was more pervasive. From 1896 to 1939 joint stock enterprises accounted for 44 percent of registered businesses and 80 percent of total capital. From 1922 to 1939 these enterprises outperformed other forms and generated 94 percent of aggregate profits. External finance factors, Japan's development phase, industrial structure, public policy, and culture led to high joint stock usage. The private limited liability company, introduced in 1938. did not displace the joint stock form.