IDEAS home Printed from https://ideas.repec.org/p/tky/jseres/2006cj143.html
   My bibliography  Save this paper

"Portfolio Management and Profitability of Mitsubishi Zaibatsu"(in Japanese)

Author

Listed:
  • Tetsuji Okazaki

    (Faculty of Economics, University of Tokyo)

Abstract

This paper explores the change in the security portfolio of the holding company of Mitsubishi Zaibatsu (Mitsubishi Partnership) and its implication on the profitability of that company. First we confirmed that Mitsubishi Partnership substantially altered the portfolio from 1925 to 1935, especially in the early 1930s. Then we decomposed the profitability change into that due to the changes in the returns on the individual securities which had existed in the portfolio and that due to the change in the portfolio. We found that whereas the former factor was larger, the portfolio factor was also substantial and positively contributed to the profitability. It is suggested that the zaibatsu holding company secured profitability thorough management of the portfolio as well as thorough governance of the companies in which it invested.

Suggested Citation

  • Tetsuji Okazaki, 2006. ""Portfolio Management and Profitability of Mitsubishi Zaibatsu"(in Japanese)," CIRJE J-Series CIRJE-J-143, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:jseres:2006cj143
    as

    Download full text from publisher

    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2006/2006cj143.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tky:jseres:2006cj143. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CIRJE administrative office (email available below). General contact details of provider: https://edirc.repec.org/data/ritokjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.