大阪産業大学学会 論集データベース

検索結果

検索結果よりさらに絞り込む 検索ヘルプ
論集タイトル
論文タイトル
論文著者
論集発行年月  〜 

5件中 1-5件 表示 1
新保 博彦 / 経済論集第7巻第1号
株主資本主義への移行とメインバンク・システムの確立─1980年代の日米のコーポレート・ガバナンス─
<著者名>  新保 博彦
<発行年月> 2005年10月
<ISSN> 1345-1448
<概要表示>
In both Japan and the United States before World War II, although there was a gap in economic development, market oriented corporate governance was dominant, two types of which were competing against each other to gain the advantage. In World War II, Japan was defeated by the United States and the United States took the position as the economic, political and military leader in the world. With this as a turning point, corporate governance in the two countries went in completely different directions. In the United States, the transition from management control to stockholder capitalism was brought about, in Japan the main bank system without strong ties to the market developed. This paper examines the fundamental features and the various conditions of establishment of the above two systems, and the circumstances under which both countries compete again now. In Section 1, in the United States in 1980, I focus on the features of stock ownership and its dispersion, and examine the changing process from the prewar days and the development to the present stockholder capitalism. By the 1980s, in the United States, open corporate governance was developing from management control to stockholder capitalism, which is based on a market similarly and aims at the maximization of stockholder's benefits. In this process, institutional investors played an important role. In Section 2, I consider various features of the main bank system that developed newly in the same period in Japan, and the conditions of its formation and dissolution. In Japan, as a result of war and its defeat, the market was dissolved. From the market oriented corporate governance in the prewar days, the main bank system, which is a complete contrast to the corporate governance in the U.S., established and developed as an original system. However, in this system, there were fundamental defects such as the vulnerability of the management of the main bank as a core of this system and the closed character of the entire system, and these defects became obvious during the period when this system developed most vigorously. Two types of corporate governance coexisted in the postwar period. However, economic activity developed through the IT revolution based on the new infrastructure of the Internet from the second half of the 1990s. The IT revolution increased economic and corporate globalization. Such globalization could be the reason for the competition of more open corporate governance particularly between Japan and the U.S. Finally, I would like to emphasize my perspective to compare the corporate governance in Japan and the U.S., and at the same time, to consider the historical evolutionary process from the prewar days in both countries.
論文を詳しく見る
林田 治男 / 経済論集第7巻第1号
鉄道における日本側自主権の確立過程機┘譽ぜ擺樟立まで
<著者名>  林田 治男
<発行年月> 2005年10月
<ISSN> 1345-1448
<概要表示>
The Railways of Japan was opened in autumn 1872. At those days the Japanese leaders knew a little on railway. It was true that they recognized the necessity of railway both socio-economically and technologically, and expected to construct by themselves. But in fact they could not finance, product the locomotives and materials, and employ the engineers and workers required by themselves. Referring for some advices and claims, they decided to accept the British support. They issued the bonds at London to finance, then by way of the agency bought the rolling stocks and the other necessities as well as recruited and managed the professionals and others.  Just after the end of the Tycoon Administration, Mr. Portman who was the translator of Legation of USA in Japan was granted to build and use the railway between Yedo and Yokohama. He requested the reconfirmation of that grant to the New Administrators. They rejected him, because it was not effectual after the Tycoon’s Abandonment and they wanted to build by Japanese initiative.  At the end of 1869, Mr. Lay who was the former Inspector General in China proposed to lend the necessary money and construct the railway to Japanese leaders. They concluded the agreement, though it was canceled out because of his incredible actions after coming back to London.  In this article I investigate Portman’s grant and Lay agreement from the viewpoint of the Japanese initiative, using the diplomatic correspondences and other important documents. I clear how to form the independency at the first stage of the railway.
論文を詳しく見る
加藤 道也 / 経済論集第7巻第1号
戦間期日本における失業問題とアジア労働市場─満州移民を中心に─
<著者名>  加藤 道也
<発行年月> 2005年10月
<ISSN> 1345-1448
<概要表示>
 In this paper, we try to clarify the significance of migration policy and its changing character in the interwar period in relation to unemployment problem. It started to emigrate Japanese to other countries but couldn't succeed. After 1925, the Unemployment Relief Work began to ameliorate unemployment problem but it just deteriorate situation because Korean immigrants occupied considerable proportion in the scheme unexpectedly. Therefore, government at that time tried to emigrate Korean people, who tended to immigrate to mainland Japan, to Manchuria in order to reduce the pressure of over-population in mainland Japan. When‘Manchukuo’was created in 1932, this trend was enforced. As a result, this policy influenced on the Asian labour market in the great extent and changed the nature of it.
論文を詳しく見る
GhanShyam Gautam / 経済論集第7巻第1号
Singaporean Model of Social Security in the Context of Ageing
<著者名>  GhanShyam Gautam
<発行年月> 2005年10月
<ISSN> 1345-1448
<概要表示>
As the consequence of soaring financial burden of social security, world is considering, modifying, contracting out or switching the existing systems towards the funded ones. This study reviews the overall system of social security in Singapore and concentrates on Central Provident Fund (CPF) which is the most fundamental- working on self-funded basis. Besides CPF, non-contributory pension system and voluntary saving scheme cover the selected group of upper income while assistive schemes remain stringently limited to benefit the lower income group in Singapore. Along with the process of rapid economic development and industrialization, CPF, which originally aims to accumulate the saving for retirement through individual accounts, has expanded to contain various schemes of social security. Despite the self-funded nature of the CPF, wider coverage covered by a single consolidated instrument, and cost effective health care system and supportive role of voluntary activities constitute the elegant characteristics in the overall social security arrangements in Singapore. Low replacement rate, lack of risk pooling and protection for less-advantaged, lack of proper combination with tax system and non-transparency are the major issues identified in the CPF scheme. Generous treatment for the pre-retirement withdrawal and lack of access to the global financial market for investment are main reasons for insufficiency of saving for its ageing population. Due to the purely funded nature of the system, it has remained quite vulnerable against the turmoil in financial market. Tax financed minimum support along with risk-pooling mechanism is essential in the system to introduce redistributive elements and reduce the risks against financial market.
論文を詳しく見る
DilliRam Pokhrel / 経済論集第7巻第1号
The Development of Securities Market in Nepal : A Comparative Analysis
<著者名>  DilliRam Pokhrel
<発行年月> 2005年10月
<ISSN> 1345-1448
<概要表示>
This paper analyzes the development of securities market in Nepal from historical and comparative perspectives. It is observed that the financial sector (commercial banks and finance companies) highly dominates the Nepalese securities market in which the corporate equities are the largest market instruments. Measured in terms of market capitalization, total value traded, and turnover ratio in relation to the size of respective economies (seven industrial and six South Asian developing economies), it is found that the Nepalese securities market is very small, highly illiquid, inefficient and underdeveloped compared not only with developed countries but also with most of its South Asian counterparts. The correlation between the major securities market indicators and real GDP growth is consistent with the hypothesis that there exists causal relationship between securities market development and economic growth. The correlation results also reveal the strong complementarity between the growth of banking sector and securities market in Nepal. Moreover, the Gini Coefficient and Herfindahl concentration indices show the highly concentrated market structure implying the lack of competition in the market. Finally, the overall analysis indicates that Nepal has a limited scope of financing choice from bank to market. Due to the inadequate securities market infrastructure and small size of industrial undertakings within a few numbers of public limited companies, the Nepalese financial system is highly dominated by banking sector and is likely to follow the same pattern in the future until the market infrastructures are developed and corporate sector earns sufficient credibility.
論文を詳しく見る

論文検索

論文全体検索

本文から検索する
検索ヘルプ
論文キー検索
論集タイトル/論文タイトル/論文著者/論集発行年月でも検索できます!
論集タイトル
論文タイトル
論文著者
論集発行年月
検索ヘルプ
  • CiNii NII論文情報ナビゲーター
  • WebcatPlus
  • NIIREO NII電子ジャーナルリポジトリ
  • SSRN