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see zaibatsuzaibatsu
[Jap.,=money clique], the great family-controlled banking and industrial combines of modern Japan. The leading zaibatsu (called keiretsu after World War II) are Mitsui, Mitsubishi, Dai Ichi Kangyo, Sumitomo, Sanwa, and Fuyo.
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In Japan, a strong alliance of related organizations that shares knowledge and cooperates to control its sector of the business, including the supply chain and distribution. Meaning "series," the "horizontal" Keiretsu are six major banks, such as the Mitsui Group and Sumitomo Group. "Vertical" Keiretsu are industry consortia, such as the Toyota Group, Honda Group, Hitachi and Toshiba. The Japanese government is involved and supportive. See interfirm network.
References in periodicals archive ?
Summary of Independent Variables and Expected Signs for Full Ownership Variables Description Expected Name Sign for Full Ownership Internalization Variables RNDINT R&D intensity: R&D/sales + EXPORT Int'l experience: Export ratio + EXSUB Int'l experience: Number of foreign subsidiaries + CULDIST Cultural distance: Index of Kogut & Singh (1988) - POLRISK Political risk: World competitiveness report (WCR) - Control Variables SIZE Size of the firm: Number of employees + KIRETSU Keiretsu membership: 1 = Yes; 0 = No + DIVERS Int'1 product diversification: 1 = Yes; 0 = No - OWNRST Constraint of foreign ownership: WCR - Table 2.