戦前日本の海外での企業活動

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  • Prewar Overseas Business of Japanese Companies
  • センゼン ニホン ノ カイガイ デノ キギョウ カツドウ

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Clarifying the actual conditions of prewar Japanese foreign investment is a very important subject for present day Japan as well as for countries that were under Japanese rule or influence at that time. Those nations are growing rapidly and are actively developing Foreign Direct Investment(FDI) with other countries, to include Japan. Global research initially examined FDI as a new postwar phenomenon. Now, FDI's historical origins and development are at last being studied. The historical research on Japanese foreign investment will greatly contribute to the development of global research on FDI. This paper examines such foreign investment. I have already examined Japanese corporate governance during the prewar period in the "Historical Development of japan-U.S. Corporate Governance"(2006), and my findings in this paper are based on the same method. This paper clarifies the overseas business activity of Japanese companies in the prewar period using the same methodology, especially from the viewpoint of corporate governance. In Part I, I list the companies that operated overseas in 1930 and 1940. These companies, especially those relating to infrastructure, such as railway, electric power, and finance, turned out to be important. I will examine representative companies that played an active role in infrastructure industries in Part II. In each section of Part II, I will examine in detail each company that played a remarkably significant role. In Part III, I will summarize the features of Japanese companies that operated in each country and region in East Asia, including the former colony, in the prewar period Thus, we can find five important features from the industrial composition to the high independency. It may be called the Japanese style foreign investment in prewar days.

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