Zaibatsu conglomerates as organisational innovations at the time of the modernisation of Japan’s economy
Zaibatsu conglomerates as organisational innovations at the time of the modernisation of Japan’s economy

Summary/Abstract: Business groups may be commonly found on contemporary emerging markets, but in fact they have been active in many nations since the early phase of the modern economy. In pre-war Japan business groups shared common features with those of other countries in this sense that they were family-owned and had pyramidal or hierarchical structures with highly diversified business portfolios. Zaibatsu conglomerates were organisational innovations significantly and positively impacted on Japanese economic growth.1 The objective of this paper is to examine historical formation and evolution of zaibatsu conglomerates in pre-war Japan.

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