The organization of enterprise in Japan
By: Tom Nicholas
Contributors: Harvard Business School
Series: Working paper / Harvard Business School -- 14-037; Working paper (Harvard Business School) -- 14-037
Publisher: Harvard Business School
Published: 2013
Place of publication: Boston
Language: eng
Number of pages: 28
Description: Recent research indicates that the joint stock corporation was not a superior form of business organization in many countries during the nineteenth and twentieth centuries. In Japan, by contrast, it appears to have played a more prominent role. When the Civil Code was adopted in 1896 around 5,000 registered enterprises existed but by 1939 there were over 88,000. Approximately half were joint stock firms and these outperformed limited and unlimited partnerships on a return on equity basis, while also accounting for most of the aggregate profits. When the private limited liability company was introduced in 1938 it became immediately popular, but it did not displace the joint stock form.
Notes: "November 2013"--Publisher's Web site.

Includes bibliographical references (pages 27-28).