DOCSLIB.ORG

Beyond the Bamboo Network

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Beyond the Bamboo Network Beyond the Bamboo Network Beyond the Bamboo Network The Internationalization Process of Thai Family Business Groups Maetinee Hemrit Dissertation for the Degree of Doctor of Philosophy, Ph.D. Stockholm School of Economics 2011 Keywords: Internationalization, Emerging Multinationals Business Groups, Family Business Groups, Weak Institutions, Developing Countries, Emerging Economies Thailand, Ethnic Chinese, Overseas Chinese, East Asian Capitalism Beyond the Bamboo Network: The Internationalization Process of Thai Family Business Groups © SSE and the author, 2010 ISBN 978-91-7258-843-1 Cover by: © Suchart Wongthong, 2010 Printed in Sweden by: Intellecta Infolog, Göteborg 2010 Distributed by: The Research Secretariat Stockholm School of Economics Box 6501, SE-113 83 Stockholm, Sweden www.hhs.se iv To my parents Preface This volume is submitted as a doctor’s thesis at the Stockholm School of Economics. The author has been entirely free to conduct and present her research in her own ways as an expression of her own ideas. The research presented in the thesis was initiated at the late Institute of International Business (IIB) and concluded within the Department of Marketing and Strategy at the Stockholm School of Economics. The research has been generously funded by IIB and the European Institute of Japanese Studies. Several firms cooperated through their managers in the preparation of the thesis as detailed in the same. All this generous support and assistance is gratefully acknowledged by the Stockholm School of Economics. Stockholm, March 6, 2011 Richard Wahlund Professor Head of the Department of Marketing and Strategy Stockholm School of Economics Acknowledgements Life is a journey. Sometimes you can plan; often, you can’t – it is a matter of destiny. Clearly, that’s what happened to me, how I came to Sweden and specifically to the Stockholm School of Economics (SSE). Just a click on a webpage, the journey began. Initially, it was set to be rather short for another master degree, but later I found myself walking into the long and challenging road of the PhD study. Also, it was quite a radical change from the macro-level thinking as an econ- omist to the micro-level attention in the field of international busi- ness (IB). Putting in the IB words, I was struggling with “liabilities of foreignness” – not only to take in the Swedish context, but also to understand the new discipline and the academia world. Hardly imagine that I would survive, yet flashing back especially at the place where the whole journey began, I simply smile. This chapter of my life is full of memories, and I would like to thank you every person and every organization that have played a part in my learning journey. To begin with, I would like to express my gratitude for the Swedish Aid Organization, aka “SIDA”, that granted me the full scholarship for my master degree education. SIDA gave me the first ticket to the new world, to the beauty on water, to Stockholm. Yet, Stockholm was the beauty on “icy” water, when I first arrived. The temperature was -17 degree Celsius; all lakes were frozen; there was no smile on people’s face; everything was dark. On top of that, I didn’t know anyone in this strange city. Undoubtedly, I did ask myself several times “Why am I here?” and perhaps cry almost every time. This doubt remained basically until I met Carolin Axelsson in a master-level course; we then became the master thesis partner. Liter- ally, Carolin opened the door to the Swedish society for me. Because of our endless discussion, I started seeing things from different pers- pectives and considered being in Sweden for a while longer, for the doctoral degree. So, a big thank to you, Carolin, my Swedish sister! Still, the idea would not materialize without the great support from my supervisor. Ari Kokko is the one carrying me through, from the master thesis to the entire PhD process, and always there listen- ing to all kinds of my complaints, and giving me back food for thought. At times, together with Eija, I would get some real good food plus karaoke too, making me feel at home and being taken care. My highest gratitude is to you both. Along this social line, I would like to thank everyone at the Euro- pean Institute of Japanese Studies (EIJS) for the warm friendships. Es- pecially to Anders Engvall and Magnus Andersson who first scared me with their almost perfect Thai, Magnus Blomström for setting me off on the track, Nanhee Lee for all kinds of support, Le Thanh Forsberg, Ka- zune Funato Hallgren, and Marie Tsujita Stephenson for our girly talks, Lars Ågren and Marie Söderberg for backing me along the process. Fairly intertwined and equally important are of course everyone who used to be part of the late Institute of International Business (IIB). Above all, I am most grateful to my main supervisor, Peter Hagström, who has always believed in me more than I do to myself. Peter has given me all the freedom in research and guided me throughout the process in the way that many seem to doubt. But, I know you truly care. In addition, my appreciation goes to all the eclectic brains at the late IIB and at the Department of Marketing and Strategy: Carl Fey, Örjan Sölvell, Richard Wahlund, Patrick Regnér, Henrik Glimstedt, and more. Directly and indirectly, I have learned a lot from you. My special thanks are to Udo Zander for thoroughly reading through my empirical findings and for all the comments and supports over the years. Also, I would like to thank my associate PhD students and eve- ryone in the corridor for all the positive energy. Especially to Göran Lindqvist, Claes Bohman, and Jesper Edman, the three Swedes who had looked after me around the Nordic study trips and assisted me in many ways, to Emre Yildiz, Sergey Morgulis-Yakushev, Sergiy Protsiv, Elena Braccia, and more for the international mix, and to the ladies, Malin Ekberg, Lena Wretman, and Kerstin Wedin, at the back office. Altogether, I am highly indebted not only to the EIJS and IIB for financing my PhD study, but also to the SSE and to the Swedish so- ciety as a whole for the generosity. I do hope that one day I will be able to contribute back to this country, my second home. Life at the school had been tough at times, in fact most of the time. As the only Thai student at SSE, during weekends I usually enjoyed x surrounding myself with Thai friends from other schools, mostly engi- neers, scientists, and IT specialists of different types. We often made good mix and great fun, while we also had supported each other through the cold and long winters as well as the bright and beautiful summers of Stockholm. The friendships have grown and last. My thanks are to P’Jo, P’Nom, Golf, Cherry, June, Pookie, Hip, Pae, Third, Lor, Win, Ying, Jeab, and more. Likewise, I would like to express my warm feeling to all the good old friends who have never failed me re- gardless of the distance, especially to Weaw and our parallel life. During my empirical investigations, i.e., to tap into the world of the influential business groups in Thailand and to confirm my data coding, I draw from a long list of my own bamboo network of family and friends. My thanks go to Ning, Oh, Peung, Pun, Andy, Leki, P’Eve, P’Jeab, P’Roong & P’V, P’Nong, and Eva S. to mention a few (most in nicknames). To all the informants, I am indebted to you for sharing your experiences and insights. Again, I have no intention to cause your troubles, and I deeply apologize if my research had made you feel uncomfortable at some points. Also, thank you very much for proofreading and accepting the analyses in most cases. Of all people, family is my ultimate strength. I strived for high education mainly because of my father. He said that children have to achieve more than the parents and that we (my brother and I) should make the best out of the opportunities. Not everyone have opportuni- ties; surely, my father did not. To carry out his inspiring thought, the heavy role has been on my mother. The PhD process was by far the toughest undertaking, and totally remote from what she has ever ex- perienced. Yet, when I felt so despair and lost all the confidence, it was her who boosted me up times after times. This work is therefore dedicated to the unconditional love and support of my parents. Last but not least, my special thanks go to Pelle, the other half of my life. It is incredible how much you have done for me and borne with me. Being a new resident in Thailand, you should have received a lot of attention, but I was nothing but neglecting you. Still, you are the most understanding and greatest support – keep telling me “Zu Zu” toward the end of this journey. Thank you very much for your love and patience. Nonthaburi March 5th, 2011 xi Contents 1. Family Business Groups: Local Interest Meets Global Challenge ...... 1 1.1 Research Motivation: How Firms Grow in Different Contexts ... 2 1.2 Research Focus and Delimitations: Family Business Groups ... 8 1.3 Research Setting: Exploring the Population of Thai FBGs ...... 11 1.4 Organization of the Dissertation ............................................ 13 1.5 Main Findings and Potential Contributions ........................... 14 2. Internationalization: A Growth Alternative for Family Business Groups? ............................................................................................ 17 2.1 The Foundation of International Business Research .............. 17 2.2 The Development of International Business Research in the Globalizing World ...................................................................
Load more

Recommended publications
  • The 2018 GLOBEX JULMESTER® PROGRAM Classes: July 2-20, 2018
    The 2018 GLOBEX JULMESTER® PROGRAM Classes: July 2-20, 2018 http://globex.coe.pku.edu.cn/ The Globex Julmester at Peking University in Beijing, China is a professional mobility program with a worldwide exchange of students from all disciplines of study. To enhance students' global and professional experience, Globex offers courses that focus on the two core elements of our program: engineering & science and China-focused study. Engineering and science generate new knowledge and skills for society to advance and prosper (10 engineering/science courses). Societies everywhere are being profoundly impacted by China, as it grows to become the world’s largest economy. Globex offers students an opportunity to study China and its peoples (2 China focused courses). Although students are allowed to select 2 courses (one in the morning and the other in the afternoon), we recommend Globex students to enroll in only 1 course as the program is highly intensive. ENGINEERING & SCIENCE CHINA-FOCUSED Fri - Smart Materials & The Tissue Engineer’s Compliant Robotics: Inter-Cultural Design Financial Decisions in Digital China: Adaptive Systems Toolkit: Design and Humanoids to Soft for a Responsible Engineering Project Technology, Media and (3) Evaluation of Regenerative Robots Business Model Management Culture Therapies (3) (4) (3) (3) Dean Greg Washington & (3) Prof. Farzad Ahmadkanlou Prof. Hongbin Liu Prof. Marc Lucas Prof. Daricha Sutivong Prof. Wenhong Chen 11:00 AM, Mon The University of California Prof. Ken Webb King’s College London Mines ParisTech Chulalongkorn The University of Texas - Irvine Clemson University University Austin 8:00 Artificial Organ Drug and Gene Delivery The Materials Genome Robotics: The Big History of Our China Economy: Fri - Engineering in Biomedicine Assessment Programming & Practice Planet: A Scientific Journey Growth and Global (3) (3) (3) (3) over 14 Billion Years of Connections Mon Evolution (3) (3) Prof.
    [Show full text]
  • C Ntentasia 21 March-3 April 2016 Page 2
    #GreatJobs page 6 ! s r a ye 2 0 C 016 g 1 NTENT - Celebratin www.contentasia.tv l https://www.facebook.com/contentasia?fref=ts facebook.com/contentasia l @contentasia l www.contentasiasummit.com 21 March-3 april 2016 Vietnam tops Asia’s format charts MAIN COLOR PALETTE 10 GRADIENT BG GRADIENT R: 190 G: 214 B: 48 46 titles onR: 0 G:Q1 0 B:2016 0 slate,Take the green and the blue Take the green and the blue C: 30 M: 0 Y: 100 K: 0 C: 75 M: 68 Y: 67 K: 90 from the main palette. from the main palette. Opacity: 100% Opacity: 50% R: 0 G: 80 B: 255 R: 138 G: 140 B: 143 Blending Mode: Normal Blending Mode: Hue C: 84 M: 68 Y: 0 K: 0 withC: China49 M: 39 Y: 38 at K: 328 Vietnam was Asia’s most active formats market in Q1 2016, with 46 titles on air, in production or in waiting. ContentAsia’s updated Formats Outlook puts China sec- ond by volume, with 28 formats, although China is spending the most money by far. Full story on page 2 Streaming mania in Southeast AsiaC Battle heats up as Sky,M Astro pile in Y CM U.S. studios and everyone else with a MY show to peddle have a new best friend forever in Southeast Asia. Actually,CY call that a whole lot of new BFFs as OTTCMY plat- forms prepare for battle. K Full story on page 16 History Asia clears 4-nights for Roots Day & date Asia premiere set for 31 May History premieres mega-drama Roots in Asia at the end of May, scheduling the epic four two-hour episodes across four nights from 31 May.
    [Show full text]
  • Business Groups, Networks, and Embeddedness: Innovation and Implementation Alliances in Japanese Electronics, 1985–1998
    UC Berkeley UC Berkeley Previously Published Works Title Business groups, networks, and embeddedness: innovation and implementation alliances in Japanese electronics, 1985–1998 Permalink https://escholarship.org/uc/item/3dq9f64q Journal Industrial and Corporate Change, 26(3) Authors Lincoln, James R Guillot, Didier Sargent, Matthew Publication Date 2017 Peer reviewed eScholarship.org Powered by the California Digital Library University of California Industrial and Corporate Change Advance Access published September 10, 2016 Industrial and Corporate Change, 2016, 1–22 doi: 10.1093/icc/dtw037 Original article Business groups, networks, and embeddedness: innovation and implementation alliances in Japanese electronics, 1985–1998 James R. Lincoln,1,* Didier Guillot,2 and Matthew Sargent3 1Walter A. Haas School of Business, University of California, Berkeley, Berkeley, CA 94720, USA. e-mail: [email protected], 2Fukui Prefectural University, Fukui 910-1195, Japan. e-mail: [email protected] Downloaded from and 3USC Digital Humanities Program, University of Southern California, Los Angeles, CA 90089, USA. e-mail: [email protected] *Main author for correspondence. http://icc.oxfordjournals.org/ Abstract This paper examines the changing process of strategic alliance formation in the Japanese electronics industry between 1985 and 1998. With data on 123–135 Japanese electronics/electrical machinery makers, we use a dyad panel regression methodology to address hypotheses drawn largely from em- beddedness theory on how the firms’ horizontal and vertical keiretsu business group affiliations and prior alliance networks supported and constrained partner choice in new R&D (innovation) and nonR&D (implementation) domestic economy alliances. We find that in the first half of our series (1985–1991; the “preburst” period), keiretsu served as infrastructure for new strategic alliances that by guest on September 11, 2016 had both innovation (R&D) and implementation (nonR&D) goals.
    [Show full text]
  • Trends in Southeast Asia
    ISSN 0219-3213 2017 no. 16 Trends in Southeast Asia THE POLITICAL ECONOMY OF CHINESE INVESTMENT IN CAMBODIA VANNARITH CHHEANG TRS16/17s ISBN 978-981-4786-79-9 30 Heng Mui Keng Terrace Singapore 119614 http://bookshop.iseas.edu.sg 9 7 8 9 8 1 4 7 8 6 7 9 9 Trends in Southeast Asia 17-J02872 01 Trends_2017-16.indd 1 24/10/17 11:54 AM The ISEAS – Yusof Ishak Institute (formerly Institute of Southeast Asian Studies) is an autonomous organization established in 1968. It is a regional centre dedicated to the study of socio-political, security, and economic trends and developments in Southeast Asia and its wider geostrategic and economic environment. The Institute’s research programmes are grouped under Regional Economic Studies (RES), Regional Strategic and Political Studies (RSPS), and Regional Social and Cultural Studies (RSCS). The Institute is also home to the ASEAN Studies Centre (ASC), the Nalanda-Sriwijaya Centre (NSC) and the Singapore APEC Study Centre. ISEAS Publishing, an established academic press, has issued more than 2,000 books and journals. It is the largest scholarly publisher of research about Southeast Asia from within the region. ISEAS Publishing works with many other academic and trade publishers and distributors to disseminate important research and analyses from and about Southeast Asia to the rest of the world. 17-J02872 01 Trends_2017-16.indd 2 24/10/17 11:54 AM 2017 no. 16 Trends in Southeast Asia THE POLITICAL ECONOMY OF CHINESE INVESTMENT IN CAMBODIA VANNARITH CHHEANG 17-J02872 01 Trends_2017-16.indd 3 24/10/17 11:54 AM Published by: ISEAS Publishing 30 Heng Mui Keng Terrace Singapore 119614 [email protected] http://bookshop.iseas.edu.sg © 2017 ISEAS – Yusof Ishak Institute, Singapore All rights reserved.
    [Show full text]
  • Globalising Chinese Business Firms: Where Are They Coming From, Where Are They Headed?
    Globalising Chinese Business Firms: Where are They Coming from, Where are They Headed? Yeung, Henry Wai-chung and Olds, Kris National University of Singapore Full reference below Yeung, Henry Wai-chung and Olds, Kris (2000), 'Globalizing Chinese business firms: where are they coming from, where are they heading?', in Henry Wai-chung Yeung and Kris Olds (eds.), The Globalisation of Chinese Business Firms, London: Macmillan, pp.1-28. Chinese-owned businesses in East Asia, the United States, Canada, and even farther afield are increasingly becoming part of what I call the Chinese commonwealth (Kao, 1993: 24; original italics). In his widely-read Harvard Business Review article, Professor John Kao (1993) concluded that Chinese business and its "worldwide web" will become a major force in the global economy in the next millennium. Similarly, Joel Kotkin argued in Tribes: How Race, Religion and Identity Determine Success in the New Global Economy that by the early twenty-first century, "the Chinese global tribe likely will rank with the British-Americans and the Japanese as a driving force in transnational commerce" (Kotkin, 1992: 9). Despite the 1997/1998 Asian economic crisis, it appears that current thinking in global business reveals a serious reappraisal of the economic potential of Chinese business and its associated organisations and institutions. The Weberian thesis on the inherent limits to the growth of Chinese business and societies has been subject to fundamental challenges by recent studies (e.g. Hamilton, 1996a; Whyte, 1996; Olds and Yeung, 1999). Scholars of Chinese business begin to recognise the economic success of the "overseas Chinese"1 and their business firms in 1 The term "overseas Chinese" may be contentious to some scholars of ethnic Chinese who are living outside mainland China.
    [Show full text]
  • A New Force in the Global Marketplace
    Washington University in St. Louis Washington University Open Scholarship Weidenbaum Center on the Economy, Murray Weidenbaum Publications Government, and Public Policy Policy Brief 185 9-1-1997 China: A New Force in the Global Marketplace Murray L. Weidenbaum Washington University in St Louis Follow this and additional works at: https://openscholarship.wustl.edu/mlw_papers Part of the Economics Commons, and the Public Policy Commons Recommended Citation Weidenbaum, Murray L., "China: A New Force in the Global Marketplace", Policy Brief 185, 1997, doi:10.7936/K7HH6H7P. Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/148. Weidenbaum Center on the Economy, Government, and Public Policy — Washington University in St. Louis Campus Box 1027, St. Louis, MO 63130. China: A New Force in the Global Marketplace Murray Weidenbaum Policy Brief 185 September 1997 Contact: Robert Batterson Communications Director (314) 935-5676 Washington Universi1y Campus Box 1208 One Brookings Drive St. Louis, Missouri 63130-4899 China: A New Force in the Global Marketplace by Murray Weidenbaum This is a time of fundamental change in the global marketplace. It's like the middle of the 19th century when European nations dominated the world economy - and then the United States elbowed its way into the club of industrialized nations. Again, in the middle of the 20th century, when Western nations dominated the world economy, Japan elbowed its way into the club. In both cases, the world economy continued to grow, if not to accelerate, although the monopoly of the "club" was broken. In absolute terms, each nation experienced growth in its production and exports, although their relative shares of the world market declined.
    [Show full text]
  • In the High Court of Judicature at Bombay Ordinary Original Civil Jurisdiction in Its Commercial Division
    904.10.comipl.147.2020.doc dik IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN ITS COMMERCIAL DIVISION INTERIM APPLICATION NO.1 OF 2020 AND LEAVE PETITION NO.56 OF 2020 IN COMMERCIAL IP SUIT (L) NO.147 OF 2020 Endemol Shine Nederland Producties B.V. & Ors....Applicants(Org. Plaintiffs) In the matter between: Endemol Shine Nederland Producties B.V. & Ors. …Plaintiffs Versus Andaman Xtasea Events Private Limited & Ors. …Defendants ---------------- Mr.Hiren Kamod, Advocate along with Mr.Vaibhav Keni, Ms. Doyel Sengupta Mattoo and Ms. Neha Iyer, Advocates i/b Legasis Partners, for the Applicants/Plaintiffs Mr. Lalit Sharma, representative of the Plaintiffs’ None for the Defendants ..... CORAM : B. P. COLABAWALLA, J. 21 FEBRUARY, 2020. P.C. : 1. Mr. Kamod, learned Advocate for the Plaintiffs submits that the papers and proceedings in the present matter have been duly served upon Defendant Nos.1 to 3 on 10th February, 2020 and Defendant No.4 on 8th February, 2020. An affdavit of service dated Pg 1 of 18 ::: Uploaded on - 24/02/2020 ::: Downloaded on - 24/02/2020 14:30:48 ::: 904.10.comipl.147.2020.doc 14th February, 2020 evidencing service of documents upon the Defendants was tendered before this Court on 14th February, 2020 and the same was taken on record. As per the order passed on 14th February, 2020, the Plaintiffs have given one more notice of this application to the Defendants vide emails dated 18th February, 2020. A copy of the said order dated 14th February, 2020 is also served upon the Defendants through email.
    [Show full text]
  • Important Current Affairs 15Th September 2015 with PDF - Visit Testbook Blog for More Useful Articles by Narendra Agrawal - Best Place for Online Exam Preparation
    Important Current Affairs 15th September 2015 with PDF - Visit Testbook Blog for more useful articles by Narendra Agrawal - Best Place for Online Exam Preparation Bank PO - Bank Clerk - GATE 2017 - Insurance - SSC CGL - BSNL TTA - RBI Testbook Blog - Testbook Mobile App - Daily Current Affairs GK Quiz Mobile App - by Testbook.com _____________________________________________________________________________________ Important Current Affairs 15th September 2015 with PDF Here is an update with all the Important Current Affairs 15th September 2015. You can now download the PDF for the daily Current Affairs capsule as well. For Current Affairs questions, including Current Affairs 15th September, download the free android app from here: Testbook App 56th Anniversary of DD National Channel Celebrated Today It was launched in 1959. It is the most widely available terrestrial television channel in India. DD National is a government body but it has editorial independence. 1 / 6 DD National (DD1) celebrated its 56th Anniversary on 15th September 2015. Important Current Affairs 15th September 2015 with PDF - Visit Testbook Blog for more useful articles by Narendra Agrawal - Best Place for Online Exam Preparation Engineer’s Day Celebrated Today September 15th is Engineer’s Day in India. It is celebrated every year as tribute to Bharat Ratna Visvesvaraya. The theme for this year’s Engineer’s Day was “Engineering Challenges for Knowledge Era”. Pentagon Creates India Rapid Reaction Cell 2 / 6 Important Current Affairs 15th September 2015 with PDF - Visit Testbook Blog for more useful articles by Narendra Agrawal - Best Place for Online Exam Preparation The Pentagon established a first-ever and only country special cell. Its aim is to speed up its defence ties with India.
    [Show full text]
  • Beyond Raw Materials. Who Are the Actors in the Latin
    The Friedrich-Ebert-Stiftung (FES) The Academic Network of Latin was founded in 1925 and is the oldest America and the Caribbean on China political foundation in Germany. It is (RED ALC-CHINA) maintains a a private, non-profit organization No one would have predicted in the 1990s dialogue between countries and and subscribes to the ideas of Social that China would emerge as a fundamental player sectors about the LAC-China Democracy. The foundation takes Beyond Raw Materials relationship based on existing its name from the first democratically in Latin America and the Caribbean (LAC) academic achievements that may elected German President, Friedrich allow the development of future in the 21st century. The LAC-China relationship Ebert, and picks up on his legacy Who are the Actors in the Latin America research. RED ALC-CHINA is of giving political expression to has recently advanced toward a second stage, directed to researchers, academics, freedom, solidarity and social justice. international institution as evidenced by the rapid expansion in the number and Caribbean-China Relationship? representatives, enterprises, NGOs, The Friedrich-Ebert-Stiftung’s of researchers and students working on various public officers, graduates, postgrad International Development students, undergraduates Cooperation Department fosters aspects of China-LAC relations, increasing cultural and the public in general. With over 200 institutional and individual sustainable development and exchange, growing immigration from China to LAC, democracy in Latin America, Asia, Africa Enrique Dussel Peters members, the network’s goal is to and the Middle East. In conjunction a boom in tourism, and the launching of new socialize results and proposals with its partners, important players Ariel C.
    [Show full text]
  • Zaibatsu: a Study of Japanese Combines Yesterday and Today
    Calhoun: The NPS Institutional Archive Theses and Dissertations Thesis Collection 1970 Zaibatsu: a study of Japanese combines yesterday and today. Smellow, Edwin Neil George Washington University http://hdl.handle.net/10945/15220 ZAIBATSU: A STUDY OF JAPANESE COMBINES YESTERDAY AND TODAY by Edwin Nei 1 Sme 1 low n T/^/V ZAIBAT3U: A STUDY OP JAPANESE COMBINES Y1STJSRDAX AKD TODAY BY Edwin Neil Smellr Bachelor of Arts Antloch College, 1958 j 1 A The ! ut : to the School of Gov< ; ^nd Bus it- ess j id' Ltion of The Gee-' on Eequixei for the Degree Cas1 Bu s ine s s LA minis tra tic March, 1970 Thesis directed by Id diaries Demoody, M.B.A. ' Associate Professor o; \ nisi ion n 5^ LIBRARY TABLE OF CONTENTS Page LIST OE TABLES . iv LIST OE CHARTS . vi Chap ter I. INTRODUCTION. Objective Scope Organization and Mechanical Details II- ZAIBATSU—A CONCEPTUAL FRAMEWORK. ....... Organization and Structure o;C Zaibatsu Companies Zalt atsu Economic Patterns HI- ZAIBATSU EVOLUTION AND DEVELOPMENT. ...... yb Introduction Historical Perspective — The v/ Tpkugawa Era (1600-1868) Mitsui i Su : go, ^ Historical Perspective — The Meiji Era (1868-1912) Historical Perspective-- The Liberal Era (1914-1931) Historical Perspective— The 3 Ira of Kilitariam (1932-1945) IV. THE OCCUPATION EUA (1945-1952), ........ Introduction Background Occupation Economic Policies 2aiba_tgu Dissolution Personnel Purge Ma j o r Le g 3 s 1 a tio The Antimonopoly Law Deconcentration L American Policy Reorientation Chapter Page V. THE CHANGING FACE OP JAPAN (1932-1969) 99 Introduction Economic Perspective The Political-Economic Structure and Legislation Management Personnel General patterns of Stock Ownership The Trend Toward Increasing Oligopoly The Structure of Selected Prowar Zaitatsu Groups Intra -Group Relations and Interlocking Directorates VI.
    [Show full text]
  • Corporate Governance of Family Businesses in Asia I
    Corporate Governance of Family Businesses in Asia What’s Right and What’s Wrong? Haider A. Khan* I. Introduction The Asian financial crisis, which can be characterized as a capital account crisis with the twin features of a financial crisis, i.e., currency crisis (international) and banking crisis (domestic) (see Yoshitomi and Ohno, 1999), has highlighted the weaknesses of the domestic banking system and hence underlying corporate governance. In Asia, banks are the dominant source of external finance so that they are naturally expected to have effectively monitored firms as borrowers during the “Asian Miracle” period. However, in retrospect, banks appear to have failed to do so. There are several reasons for the weakness of the banking system in Asia. As a recent World Bank (1998) document puts it: The East Asian crisis has underlined the importance of the rules, norms, and organizations that govern corporate behavior and define accountability to investors. East Asian corporate finance markets typically are dominated by banks. Because securities markets require a more sophisticated institutional and regulatory framework, bank dominance of corporate finance is probably the best way for developing countries to grow, provided they are not subject to undue state influence, are exposed to competition, and are prudently regulated. [italics added] (World Bank, 1998, p. 56) However, a more crucial question is what exactly determines whether banks are in a position to monitor borrowers in Asia. In the first place, this depends very much on the “location” of banks in the overall industrial and financial organizational structure in an economy. If banks are under the strong influence of large family businesses, they may not be in a good position to monitor such influential large family business conglomerates.
    [Show full text]
  • Here 183 4 - Iron to Rust 219
    Contents Editorial 5 At the Edge of the Empire Red Dust 21 The Capitalist Transition in China Introduction - Hermitage 22 1 - Pacific Rim 41 2 - Borders 89 3 - Sinosphere 183 4 - Iron to Rust 219 A State Adequate to the Task 283 Conversations with Lao Xie Picking Quarrels 361 Lu Yuyu, Li Tingyu and the Changing Cadence of Class Conflict in China The Awakening of Lin Xiaocao 425 A Personal Account of the 2010 Strike at Nanhai Honda Spirit Breaking 485 Capitalism and Terror in Northwest China by Adam Hunerven Eternal Enemies 525 The 20th Century Origins of Vietnamese Sinophobia by J. Frank Parnell At the Edge of the Empire Editorial At the Edge of the Empire The Palace that Splits the Sky Thick, slate-colored smog presses through a towering maze of identical apartment blocks, a half-living ocean ebbing below: people hunched over carts and scooters, faces covered by dingy surgical masks, often little more than silhouettes backlit by the haze-dulled throb of glowing ads broadcast on wall-size screens. The smog is like a skin of concrete melded through the image, broken here and there by masked faces or the fleeting 5 Frontiers blue glitter of cellphones held aloft like fragile torches. This picture—or something equally gargantuan and brutal—is the spectral shape that China today takes in the public imagination. It’s familiar because it emerges almost automatically upon mention, in the same way that the mist-wrapped karstic cliffs and tranquil waterways of shanshui painting might have arisen in the minds of previous generations.
    [Show full text]