HIROSHI OKUMURA is Professor of Economics at Chuo University, Tokyo.

'...an excellent contribution.' - Kiyoshi Kawahito, Pacific Affairs

• Preface General Editor's Foreword; M.Morishima Introduction PART I: WHAT IS CORPORATE CAPITALISM? The 'Companised' Society The Logic of Corporate Capitalism The 'Companism' System PART II: THE JAPANESE COMPANY The 'Corporatisation' of Shareownership Dividends and Share Prices Take-Overs PART III: MANAGERS Who Rules Japan? Managers and Shareholders Managers and Employees Representatives of the Company The Privilege and Position of Management PART IV: RELATIONS BETWEEN FIRMS Fixed Relations Mutual Control and Mutual Dependency Externalisation and Formation of Keiretsu Exclusionary Character Institutional Framework Index

HIROSHI OKUMURA is Professor of Economics at Chuo University, Tokyo.

'...an excellent contribution.' - Kiyoshi Kawahito, Pacific Affairs

• Preface General Editor's Foreword; M.Morishima Introduction PART I: WHAT IS CORPORATE CAPITALISM? The 'Companised' Society The Logic of Corporate Capitalism The 'Companism' System PART II: THE JAPANESE COMPANY The 'Corporatisation' of Shareownership Dividends and Share Prices Take-Overs PART III: MANAGERS Who Rules Japan? Managers and Shareholders Managers and Employees Representatives of the Company The Privilege and Position of Management PART IV: RELATIONS BETWEEN FIRMS Fixed Relations Mutual Control and Mutual Dependency Externalisation and Formation of Keiretsu Exclusionary Character Institutional Framework Index

HIROSHI OKUMURA is Professor of Economics at Chuo University, Tokyo.

'...an excellent contribution.' - Kiyoshi Kawahito, Pacific Affairs

• Preface General Editor's Foreword; M.Morishima Introduction PART I: WHAT IS CORPORATE CAPITALISM? The 'Companised' Society The Logic of Corporate Capitalism The 'Companism' System PART II: THE JAPANESE COMPANY The 'Corporatisation' of Shareownership Dividends and Share Prices Take-Overs PART III: MANAGERS Who Rules Japan? Managers and Shareholders Managers and Employees Representatives of the Company The Privilege and Position of Management PART IV: RELATIONS BETWEEN FIRMS Fixed Relations Mutual Control and Mutual Dependency Externalisation and Formation of Keiretsu Exclusionary Character Institutional Framework Index