コンツェルン内の利害調整にみる行動規範 : 1920年代古河コンツェルンの事例

• 日向 祥子

  東京大学大学院博士課程

書誌事項

タイトル別名

• How did Furukawa Gomei Kaisha find a way out of its financial difficulties?
• コンツェルン ナイ ノ リガイ チョウセイ ニ ミル コウドウ キハン 1920ネンダイ フルカワ コンツェルン ノ ジレイ

抄録

This paper sheds light on the characteristics of the financial transactions between Furukawa Gomei Kaisha (hereinafter FGK), a holding company, and its two major subsidiaries, Furukawa Bank (hereinafter FB) and Furukawa Mining Company (hereinafter FMC), in the 1920s. FGK was heavily in debt mainly from FB and held its subsidiary companies' stocks. The bank allowed the parent company to suspend payments of principal and levied a preferential rate of interest. FB could not allow suspension of payments of interest, however, because it could not turn profits without interest payments from FGK. More than a quarter of its assets was loaned to FGK. Despite the preferential condition, FGK faced difficulties in paying interest from its revenues. It therefore borrowed short-term money from FMC in order to pay interest to the bank. The holding company could not repay these short-term debts, and offset them by shouldering FMC's own debts. These financial operations enabled not only the holding company but also the bank to continue business, and improved the financial soundness of FMC. The findings suggest the existence of reciprocal transactions rather than a hierarchical power relationship between the parent company and its subsidiaries.

収録刊行物

• 社会経済史学

  社会経済史学 71 (5), 545-567, 2006

  社会経済史学会

詳細情報

• CRID: 1390001205096168704
• NII論文ID: 110007326326
• NII書誌ID: AN00406090
• DOI: 10.20624/sehs.71.5_545
• ISSN: 24239283
• ISSN: 00380113
• NDL書誌ID: 7925199
• Web Site: https://ndlsearch.ndl.go.jp/books/R000000004-I7925199
• 本文言語コード: ja
• データソース種別:
  • JaLC
  • NDL
  • CiNii Articles
• 抄録ライセンスフラグ: 使用不可