조선 본점회사 납입자본금의 지역별자본계열별 구성- 경기지역을 중심으로 -

Abstract

This paper integrates the information on the composition of Colonial Korea’s industrial capital by capital affiliate in early 1942 recoded in Annual Joseon published by Toyo Keizai Inc. with the information of Joseon Eunhaeng Hoesa Johap Yorok(Biennial Reviews on Colonial Korea’s bank, corporation and cooperative associations). Capital affiliates were classified into four categories: capital affiliates based in Japanese mainland, state capital affiliates based in Colonial Korea, private capital affiliates based in Colonial Korea, and non-affiliated Colonial Korean headquarters companies. This paper analyzes the trend of the composition of the paid-in capital of the Colonial Korean headquarters company by capital affiliate and region, using the newly compiled data in this paper. This paper also analyzes the effect of the composition of capital affiliate on the difference in the growth rate of the paid-in capital of headquarters companies in Gyeongseong, Incheon, and Gaeseong, which are located in Gyeonggi-do. Since traditional shift-share analysis cannot distinguish between competition effects and specialization effects, this paper uses Esteban-Marquillas shift-share analysis that can distinguish between the two. Regional specialization was being strengthened or maintained for capital affiliates based in Japanese mainland, state capital affiliates based in Colonial Korea, and private capital affiliates based in Colonial Korea, while regional dispersion of non-affiliated Colonial Korean headquarters companies was progressing. When examining changes in the regional distribution of companies, we must pay attention to the impact of different growth trends in capital affiliates. This paper will stimulate research to analyze the effect of changes in the composition of paid-in capital by capital affiliate on the development of companies in each region.