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War, state and big business in modern Japan : = The intercorporate structure and diversification of Mitsui and Mitsubishi, 1868-1945.

Record Type:	Electronic resources : Monograph/item
Title/Author:	War, state and big business in modern Japan :/
Reminder of title:	The intercorporate structure and diversification of Mitsui and Mitsubishi, 1868-1945.
Author:	Choi, Yongsok.
Description:	1 online resource (283 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 60-06, Section: A.
Contained By:	Dissertations Abstracts International60-06A.
Subject:	History. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9841500click for full text (PQDT)
ISBN:	9780591956948

War, state and big business in modern Japan : = The intercorporate structure and diversification of Mitsui and Mitsubishi, 1868-1945.
Choi, Yongsok.

War, state and big business in modern Japan :The intercorporate structure and diversification of Mitsui and Mitsubishi, 1868-1945. - 1 online resource (283 pages)

Source: Dissertations Abstracts International, Volume: 60-06, Section: A.

Thesis (Ph.D.)--The University of Chicago, 1998.

Includes bibliographical references

In this dissertation, I argue that the emergence of Japanese big business and its structural transformation should be understood with as much emphasis on institutional factors as economic factors. The business history of Mitsui and Mitsubishi, the two largest pre-WW II business combines, suggests that the major reason for the gradual transformation of the head company from centralized control to decentralized control over its subsidiaries was the need for capital or availability of capital for the expansion and diversification of the subsidiaries. As the level of expansion and diversification exceeded the amount of capital that could be mobilized by the subsidiary banks, the head company began to offer the stock of its subsidiaries to the public, and finally its own stock, too. Then the question is, "Why did the head company decide to proceed with the expansion and diversification of its subsidiaries knowing that such would result in the diminution of its control over them?" At this point I turn to the legitimation efforts of the Japanese state to control environmental uncertainties arising from wars. War threatened the legitimacy of the incumbent state or, in some case, one of the power groups in the state took advantage of war in order to secure a monopoly of decision-making power of the state. In both cases, the state tried to maintain stability through imperialistic expansion and for that purpose needed the cooperation of big businesses. Big businesses also found their interests to coincide with those of the state, for cooperation not only secured their survival but also guaranteed them an expanded share of the market as state imperialism proceeded. I argue that this kind of state/big business cooptation greatly contributed to the internal isomorphism and the external idiosyncrasy of Japanese business combines.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9780591956948Subjects--Topical Terms:

516518
History.
Subjects--Index Terms:

Big businessIndex Terms--Genre/Form:

542853
Electronic books.

War, state and big business in modern Japan : = The intercorporate structure and diversification of Mitsui and Mitsubishi, 1868-1945.
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245 1 0 $a War, state and big business in modern Japan : $b The intercorporate structure and diversification of Mitsui and Mitsubishi, 1868-1945.
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502 $a Thesis (Ph.D.)--The University of Chicago, 1998.
504 $a Includes bibliographical references
520 $a In this dissertation, I argue that the emergence of Japanese big business and its structural transformation should be understood with as much emphasis on institutional factors as economic factors. The business history of Mitsui and Mitsubishi, the two largest pre-WW II business combines, suggests that the major reason for the gradual transformation of the head company from centralized control to decentralized control over its subsidiaries was the need for capital or availability of capital for the expansion and diversification of the subsidiaries. As the level of expansion and diversification exceeded the amount of capital that could be mobilized by the subsidiary banks, the head company began to offer the stock of its subsidiaries to the public, and finally its own stock, too. Then the question is, "Why did the head company decide to proceed with the expansion and diversification of its subsidiaries knowing that such would result in the diminution of its control over them?" At this point I turn to the legitimation efforts of the Japanese state to control environmental uncertainties arising from wars. War threatened the legitimacy of the incumbent state or, in some case, one of the power groups in the state took advantage of war in order to secure a monopoly of decision-making power of the state. In both cases, the state tried to maintain stability through imperialistic expansion and for that purpose needed the cooperation of big businesses. Big businesses also found their interests to coincide with those of the state, for cooperation not only secured their survival but also guaranteed them an expanded share of the market as state imperialism proceeded. I argue that this kind of state/big business cooptation greatly contributed to the internal isomorphism and the external idiosyncrasy of Japanese business combines.
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653 $a Mitsui
653 $a War
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