253
Views
0
CrossRef citations to date
0
Altmetric
Articles

Market-based financing for small corporations during early industrialisation: The case of salt corporations in Japan, 1880s–1910s

References

  • Antje, R., & Jovanovic, B. (1993). Stock markets and development. European Economic Review, 37(2–3), 632–640.
  • Barker, H., & Ishizu, M. (2012). Inheritance and continuity in small family businesses during the early industrial revolution. Business History, 54(2), 227–244. https://doi.org/10.1080/00076791.2011.631117
  • Blackford, M. G. (1991). Small business in America: A historiographic survey. Business History Review, 65(1), 1–26. https://doi.org/10.2307/3116903
  • Chakraborty, S., & Ray, T. (2006). Bank-based versus market-based financial systems: A growth-theoretic analysis. Journal of Monetary Economics, 53(2), 329–350. https://doi.org/10.1016/j.jmoneco.2005.01.003
  • Chandler, A. D. (1990). Scale and scope: The dynamics of industrial capitalism. Belknap Press of Harvard University.
  • Dietl, H. M. (1998). Capital markets and corporate governance in Japan, Germany and the United States. Routledge.
  • Edwards, J., & Ogilvie, S. (1996). Universal banks and German industrialization: A reappraisal. The Economic History Review, 49(3), 427–446. https://doi.org/10.2307/2597758
  • Francks, P. (2002). Rural industry, growth linkages, and economic development in nineteenth century Japan. The Journal of Asian Studies, 61(1), 33–55. https://doi.org/10.2307/2700188
  • Francks, P. (2018). The path of economic development from the late nineteenth century to the economic miracle. In S. Saaler & C. W. A. Szepilman (Eds.), Routledge handbook of modern Japanese history (pp. 267–278). Routledge.
  • Fukao, K., Nakamura, N., & Nakabayashi, M. (Eds.). (2017a). Nihon Keizai no Rekishi 3 Kindai 1 [History of Japanese economy, vol.3: Modern period, Part 1]. Iwanami Shoten.
  • Fukao, K., Nakamura, N., & Nakabayashi, M. (Eds.). (2017b). Nihon Keizai no Rekishi 3 Kindai 2 [History of Japanese economy, vol.4: Modern period, Part 2]. Iwanami Shoten.
  • Godley, A., & Ross, D. M. (1996). Introduction: Banks, networks and small firm finance. Business History, 38(3), 1–10. https://doi.org/10.1080/00076799600000091
  • Graham, M. B. W. (2007). Banking and finance. In G. Jones & J. Zeitlin (Eds.), The Oxford handbook of business history (pp. 319–346). Oxford University Press.
  • Grossman, R. S., & Imai, M. (2008). The evolution of a national banking market in pre-war Japan. Explorations in Economic History, 45(1), 17–29. https://doi.org/10.1016/j.eeh.2007.05.001
  • Hanai, S. (2015). Yūkashōken tōshi to risuku kanri [Securities investment and risk management]. In S. Ioku & S. Nakanishi (Eds.), Kindai Nihon no Chihō Jigyōka [Regional entrepreneurs in Modern Japan] (pp. 51–96). Nihon Keizai Hyoronsha.
  • Hirschmeier, J., & Yui, T. (1975). The development of Japanese business, 1600–1973. George Allen & Unwin Ltd.
  • Hoshi, T., Kashyap, A., & Sharfstein, D. (1990). Bank monitoring and investment: Evidence from the changing structure of Japanese corporate banking relationships. In R. G. Hubbard (Ed.), Asymmetric information, corporate finance and investment (pp. 105–126). University of Chicago Press.
  • Ishii, K. (1999). Kindai Nihon Kinyūshi Zyosetsu [The financial history of Modern Japan]. The University of Tokyo Press.
  • Imuta, T. (1976). Meijiki Kabushikigaisha Bunseki Jyosetsu [Analysis of corporation in the Meiji Period]. Hosei University Press.
  • Japan Monopoly Public Corporation. (1966). Engyō Seibi Hōkoku [Report on restructuring of salt industry]. Japan Monopoly Public Corporation.
  • Japan Tobacco Co., Ltd., Takamatsu Salt Center. (1992). Fusō Engyō Kumiai Enkaku Shi [History of the Fusō Cooperative for the salt industry]. Japan Tobacco Co., Ltd., Takamatsu Salt Center.
  • Kagawa Prefectural Government. (1889). Kagawa-ken Sanuki-no-kuni Engyō ni kansuru Torishirabesho [Report on the salt industry in Kagawa Prefecture]. Kagawa Prefectural Government.
  • Kagawa Prefectural Government. (1891–1923). Kagawa-ken Tōkeisho [Kagawa Prefecture statistics]. Kagawa Prefectural Government.
  • Kagawa Shimpo. (1891). May 30; 1891, June 8; 1891, August 23; 1895, May 18; 1904, November 30; 1905, June 24; 1906, August 30; 1906, September 21; 1906, October 3; 1906, October 16; 1906, December 12; 1907, December 7; 1909, February 27; 1909, September 14; 1912, June 16).
  • King, R. G., & Levine,R. (1993). Finance, entrepreneurship, and growth: Theory and evidence.Journal of Monetary Economics, 32(3), 513–542.
  • Maeda, K. (2018a). Shokuryō wo meguru keizai seisaku to shōhi no shikōsei [Preferences and economic policies of food]. Shikōhin Bunka Kenkyu [Researches on Culture of Luxuries], 3, 49–56.
  • Maeda, K. (2018b). Meiji-Taisho ki Nihon no seisaku-teki shokuryō zyukyū chōsei to shokuminchi sanpin shōhi [Japan’s political adjustment of food supply-and-demand and colonial commodity consumption in the Meiji and Taisho periods]. Shakai Keizai Shigaku [Socio-Economic History], 84(3), 349–372.
  • Michie, R. C. (1999). The London Stock Exchange: A History. Oxford University Press.
  • Minami, R. (1986). The economic development of Japan: A quantitative study. The Macmillan Press.
  • Ministry of Agriculture and Commerce, Fishery Bureau. (1903). Engyō Chōsajo Shiken Seiseki Hōkoku [Research report of the experimental station of salt industry]. Ministry of Agriculture and Commerce.
  • Ministry of Finance. (1906). Meiji 37–8 Nen Senji Zaisei Shimatsu Hōkoku [Report on fiscal revenue and expenditure in Japanese-Russo War]. Ministry of Finance.
  • Ministry of Finance. (1937). Meiji Taisho Zaisei Shi Dai-6-kan [History of Finance in Meiji and Taisho Eras, vol. 6]. Ministry of Finance.
  • Ministry of Finance, Monopoly Bureau. (1913). Engyō Soshiki Chōsasho [Report on the product organizations of salt industry]. Ministry of Finance, Monopoly Bureau.
  • Ministry of Finance, Monopoly Bureau. (1915). Shio Senbai Shi [History of the salt monopoly]. Ministry of Finance, Monopoly Bureau.
  • Ministry of Finance, Monopoly Bureau, Sakaide Monopoly Office. (1910). Enmu Tōkeisho [Statistical yearbook on operation of the salt monopoly system within the jurisdiction of the Sakaide Monopoly Office]. Ministry of Finance, Monopoly Bureau, Sakaide Monopoly Office.
  • Ministry of Finance, Monopoly Bureau, Sakaide Monopoly Office. (1930). Sakaide Engyō Kaizen Ippan [History of the growing salt industry in Sakaide]. Ministry of Finance, Monopoly Bureau, Sakaide Monopoly Office.
  • Mitchener, K. J., & Ohnuki, M. (2009). Institutions, competition, and capital market integration in Japan. The Journal of Economic History, 69(1), 138–171. https://doi.org/10.1017/S0022050709000369
  • Miwa, R. (1982). Shio senbai-sei no iisshi [Operation of the salt monopoly system]. In Japan Tobacco & Salt Public Corporation (Ed.), Nihon Engyō Taikei Kindai [History of salt industry in Japan] (pp. 687–759). Japan Tobacco & Salt Public Corporation.
  • Miwa, Y., & Ramseyer, M. J. (2006). Japanese industrial finance at the close of the 19th century: Trade credit and financial intermediation. Explorations in Economic History, 43(1), 94–118. https://doi.org/10.1016/j.eeh.2005.05.002
  • Murakami, R. (1911). Shōkō Shisan Shinyōroku [Business directory]. Shogyo Koshinjo.
  • Nakamura, T. (1983). Economic growth in prewar Japan. Yale University Press.
  • Nakamura, N. (2000). Meiji-era industrialization and provincial vitality: The significance of the first enterprise boom of the 1880s. Social Science Japan Journal, 3(2), 187–205. https://doi.org/10.1093/ssjj/3.2.187
  • Nakanishi, S. (2016). Chihō shisanka no tōshi kōdō kara mita kindai Nihon [Investment behavior of local wealthy persons in modern Japan]. Mita Gakkai Zasshi [Mita Journal of Economics], 108(4), 55–116.
  • Nakanishi, S. (2019). Shisanka Shihonshugi no Seisei [Formation of wealthy person capitalism]. Keio University Press.
  • Nenadic, S. (1993). The small family firm in Victorian Britain. Business History, 35(4), 86–114. https://doi.org/10.1080/00076799300000130
  • Noda, M. (1980). Nihon Shōken Shijō Seiritsu Shi [History of securities market in Japan]. Yuhikaku.
  • Odaka, K. (1989). Nizyū kōzō. In T. Nakamura & K. Odaka (Eds.), Nihon Keizaishi 6: Nizyū Kōzō [Japanese economic history, Vol.6: Dual structure]. (pp. 133–184). Iwanami Shoten.
  • Paulson, D. (2020). The professionalisation of selling and the transformation of a family business: Kenrick & Jefferson, 1878–1940. Business History, 62(2), 261–291. https://doi.org/10.1080/00076791.2018.1426749
  • Patrick, H. T. (1967). Japan. In R. Cameron, O. Crisp, H. Patrick, & R. Tilly (Eds.), Banking in the early stages of industrialization (pp. 239–289). Oxford University Press.
  • Perez, P. F. (2007). Small firms and networks in capital intensive industries: The case of Spanish steel wire manufacturing. Business History, 49(5), 616–636.
  • Shimura, K. (1969). Nihon Shihon Shijō Bunseki [The capital market in Japan]. The University of Tokyo Press.
  • Shinohara, M. (1972). Chōki Keizai Tōkei 10 Kōkōgyo [Estimates of long-term economic statistics of Japan, vol.10: Mining and manufacturing industries]. Toyo Keizai Shimposha.
  • SICJA (Salt Industry Centre of Japan Archives), Odawara (Japan). Nos. 010287; 010288; 010297; 010302; 010323; 010324.
  • SSIMA (Sakaide Salt Industry Museum Archives), Sakaide (Japan). Nos. H-chi-273; H-chi-299; H-ri-109; H-ri-110; H-ri-111; H-ri-118; H-ri-119; H-ri-201; H-ru-23; H-ru-24.
  • Suzuki, K. (1898). Nihon Zenkoku Shōkō Jinmeiroku [Business directory in Japan]. Nihon Zenkoku Shōkō Jinmeiroku Hakkōjo.
  • Takeuchi,N.(1905). Kagawa-ken Fugōka Ichiranhyō [Directory of Income Earners in Kagawa Prefecture]. Meiyo Happyō Kai.
  • Tanimoto, M., & Abe, T. (1995). Kigyō bokkō to kindai keiei zairai keiei [The rise of corporations and modern and traditional management]. In M. Miyamoto & T. Abe (Eds.), Nihon Keieishi 2: Sangyō Kakushin to Kōgyōka [Japanese business history, Vol. 2: Industrial innovation and industrialisation] (pp. 91–138). Iwanami Shoten.
  • Teranishi, J. (2007). Were banks really at the center of the prewar Japanese financial system?Monetary and Economic Studies, 25(1), 49–74.
  • Tokyo Stock Exchange. (1928). Tokyo Kabushiki Torihikijo 50 nen-shi [The fiftieth history of Tokyo stock exchange]. Tokyo Stock Exchange.
  • Toyo Keizai Shimpo Sha. (1927a). Meiji Taisho Zaisei Shōran [Japanese Finance Directory in Meiji and Taisho Eras]. Toyo Keizai Shimpo Sha.
  • Toyo Keizai Shimpo Sha. (1927b). Meiji Taisho Kokusei Sōran [Japanese statistical survey in Meiji and Taisho Eras]. Tokyo Keizai Shimpo Sha.
  • Ueda, K. (1994). Institutional and regulatory frameworks for the main bank system. In M. Aoki & H. Patrick (Eds.), The Japanese main bank system: Its relevance for developing and transforming economies (pp. 89–108). Oxford University Press.
  • Utazu Bank. (1898–1921). Eigyō Hōkokusho [Semi-annual Report]. Utazu Bank.
  • Utazu Enden Corporation. (1989). Utazu Enden Kabushiki-kaisha 100-nen no Ayumi [100 year history of Utazu Salt Corporation]. Utazu Enden Corporation.
  • Vitols, S. (2001). The origins of bank-based and market-based financial systems: Germany, Japan, and the United States. In W. Streeck & K. Yamamura (Eds.), The origins of nonliberal capitalism: Germany and Japan in comparison (pp. 171–199). Cornell University Press.
  • Whittaker, D. H. (1999). Small firms in the Japanese economy. Cambridge University Press.
  • Yasui, Y. (1912). Kagawa-ken Shūgiin Giin Senkyo Yūkensha Meibo. [Registration list of the election of the house of representatives in Kagawa Prefecture]. Sanyo Shimpo Sha.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.