OWNERSHIP AND MANAGEMENT OF INDIAN ZAIBATSU

概要

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The purpose of this paper is to clarify the ownership patterns and management characteristics of the Indian zaibatsu from the standpoint of the types of the zaibatsu families; a) the joint family type (the Walchands, the Singhanias, the Bajajs), b) the split type (the Goenkas, the Birlas), and c) other types (small family type; the Mahindras, alien type; the Tatas).Some of the concluding observations are as follows : <BR>1) On the whole, inter-corporate investment and multiple directorship as the instrument of control play the significant role in all the zaibatsu, though the pattern varies widely among the groups. Generally it can be said that the larger the joint family is, the stronger tends to be the zaibatsu families' holds over both ownership and management. <BR>2) In the case of the split type, both ownership and management are retained independently by each sub-group of the zaibatsu family. To be noted is the case of the ownership of the R.P. Goenkas, one of the three subgroups of the Goenkas, where a number of investment companies that are subsidiaries of the four main companies of the group play the decisive role in the shareholdings of the group companies. <BR>3) In the Mahindras, the small family type, the main family members hold the ultimate decision making power of the nuclear (holding) company, thereby controling quite a few of their group companies.
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