The Role of Zaibatsu Holding Companies

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The purpose of this study is to make clear the role of zaibatsu holding companies, Mitsui-Gomei, Mitubishi-Goshi, Sumitomo-Goshi etc. It is said that these holding companies had super power on their subsidiary companies. This power was based on their huge share holdings, so that some business historians have made intensive studies on their management system controlling their subsidiaries.In my point of view, the role of these holding companies is not only to control their subsidiaries but also to manage their own investment or money. Holding company's managers became interested in money management in their own internal-capital markets. I wrote several articles on this internal-capital-market as research results.