Bodies and StructuresMain MenuWhat We're DoingOverview essayHow to Use This SiteAn orientationModulesList of modulesTag MapConceptual indexComplete Grid VisualizationGrid Visualization of Bodies and StructuresGeotagged MapGeographic IndexWhat We LearnedContributors share what they learned through the Bodies and Structures process.ReferencesReferences tag for all modules and essayContributorsContributor BiosAcknowledgementsAcknowledgementsContact usContact information pageLicensing and ImagesThe original content of this site is licensed under a Creative Commons BY-NC-ND International 4.0 License.Kate McDonald306bb1134bc892ab2ada669bed7aecb100ef7d5fDavid Ambaras1337d6b66b25164b57abc529e56445d238145277 This publication is hosted on resources provided by the College of Humanities and Social Sciences IT department at NC State University.
Stock and Bond Offerings
12018-04-23T13:40:48-04:00CHASS Web Resources398fc684681798c72f46b5d25a298734565e6eb824shares; franchise; manager; capital; debtplain2018-11-13T14:36:41-05:00Timothy YangTimothy Yang0c65e24499f3b0a634025b0db7398b11ca087b64One of the most important methods of encouraging franchise managers to work towards company aims was the encouragement of stock and debt offerings in the company. This aligned the interests of management and labor, co-opting workers to become micro-owners in the company, and also helped to increase the company's overall capital. Because the cheapest share price was fifty yen -- quite an expensive sum for that time -- the company allowed chain store owners to pay only one-fourth of the price up front, with the remainder to be collected later. They offered enticing dividends to lure chain store owners to buy shares: between 1911 and 1917, dividends increased from 8 percent to 15 percent, and from 1917 to 1923, they ranged from 20 percent and 30 percent.