Relation between the Business and the Fund of Early MITSUBISHI

概要

論文の詳細を見る
The aim of this paper is to review the business expansion of early Mitsubishi from the viewpoint of funds. Mitsubishi went into businesses other than shipping and did the asset management from its early days. But the asset management of Mitsubishi was influenced by the establishment of Mitsubishi Exchange Office in 1880 and purchase of Takashima Colliery in 1881. A problem arose from the increase in the cost spent on the shipping business. Then the management didn't only cut the wages but also reexamined the accounting system, under which it had been impossible to calculate profits and losses precisely. In 1882, a new accounting system was set forth and the accounting of the shipping departments became isolated from the other departments.<BR>This process influenced the way of business expansion, too. Higher performance was required because the funds which had been used for a financial investment and had made a large profit until then were turned to the new business. Therefore, management used the new funds as lending, not as capital.<BR>I present the following hypothesis. Early Mitsubishi came to recognize business as the process of the flow of funds. In other words, Mitsubishi grasped business as the mechanism which is identical with a financial investment. It means that the business model of Mitsubishi worked as a management discipline of each office by the fund.
経営史学会の論文