What is ‘Yugen Kaisha – YK’
A type of limited liability company that could be established in Japan from 1940 through early 2006. The Companies Act enacted in Japan in June 2005 abolished the YK business form. The law changed most YKs into KKs, or kabushiki kaisha, a joint stock company and the most common business form in Japan. The corporation law also changed the corporate governance of YKs.
Explaining ‘Yugen Kaisha – YK’
The YK was based on the German GmbH, a limited liability company and the most common form of corporation in Germany. Japan’s YK structure was commonly used by small businesses and could have a maximum of 50 investors.
Further Reading
- … Economy of Residential Home Mortgage Securitization: Comparing the United States' Subprime Home Mortgage Lending Crisis to Home Finance in the United … – papers.ssrn.com [PDF]
- Twentieth-century enterprise forms: Japan in comparative perspective – www.cambridge.org [PDF]
- Security Markets in the United States and Japan: Distinctive Aspects Molded by Cultural, Social, Economic, and Political Differences – heinonline.org [PDF]
- Reform measures needed to stimulate Japanese stock market – search.proquest.com [PDF]
- Small and medium-sized enterprises and their use of organizational forms in Japan after World War II – www.tandfonline.com [PDF]
- The New Company Law-What Matters in an Innovative Economy? – papers.ssrn.com [PDF]
- Corporate governance, accounting transparency and stock exchange sizes in Germany, Japan and «Anglo-Saxon» economies, 1870–1950 – www.degruyter.com [PDF]
