In characterising the Japanese way of business, Professor Okumura has made one of the most significant contributions to the study of economics. Following his study of the conversion of pre-war zaibatsu to post-war groups of enterprises, he worked on the roll of comprehensive trading companies in these groups, the main banking system and the permanent employment system. - However, he is very critical of this way of business, whereas those influenced by him are enthusiastic in its appreciation. - This is the first English translation of his work.
HIROSHI OKUMURA is Professor of Economics at Chuo University, Tokyo.
Preface General Editor's Foreword; M.Morishima Introduction PART I: WHAT IS CORPORATE CAPITALISM? The 'Companised' Society The Logic of Corporate Capitalism The 'Companism' System PART II: THE JAPANESE COMPANY The 'Corporatisation' of Shareownership Dividends and Share Prices Take-Overs PART III: MANAGERS Who Rules Japan? Managers and Shareholders Managers and Employees Representatives of the Company The Privilege and Position of Management PART IV: RELATIONS BETWEEN FIRMS Fixed Relations Mutual Control and Mutual Dependency Externalisation and Formation of Keiretsu Exclusionary Character Institutional Framework Index