merit 做动词，在这里是值得的意思，全句是“尽管有这些差异，早期的贸易公司仍然是以明显的现代组织方式在有效的运作，并且因为与现代公司结构的相似性值得进一步的研究”。
The modern multinational corporation is described as having originated when the owner-managers of nineteenth-century British firms carrying on international trade were replaced by teams of salaried managers organized into hierarchies. Increases in the volume of transactions in such firms are commonly believed to have necessitated this structural change. Nineteenth-century inventions like the steamship and the telegraph, by facilitating coordination of managerial activities, are described as key factors. Sixteenth-and seventeenth-century chartered trading companies, despite
the international scope of their activities, are usually considered irrelevant to this discussion: the
volume of their transactions is assumed to have been too low and the communications and
transport of their day too primitive to make comparisons with modern multinationals interesting.
In reality, however, early trading companies successfully purchased and outfitted ships, built and
operated offices and warehouses, manufactured trade goods for use abroad, maintained trading
posts and production facilities overseas, procured goods for import, and sold those goods both at home and in other countries. The large volume of transactions associated with these activities
seems to have necessitated hierarchical management structures well before the advent of modern
communications and transportation. For example, in the
trading outpost was managed by a salaried agent, who carried out the trade with the Native
Americans, managed day-to-day operations, and oversaw the post’s workers and servants. One
chief agent, answerable to the Court of Directors in
committee, was appointed with control over all of the agents on the bay.
The early trading companies did differ strikingly from modern multinationals in many respects.
They depended heavily on the national governments of their home countries and thus
characteristically acted abroad to promote national interests. Their top managers were typically owners with a substantial minority share, whereas senior managers’ holdings in modern multinationals are usually insignificant. They operated in a pre-industrial world, grafting a system of capitalist international trade onto a pre-modern system of artisan and peasant production. Despite these differences, however, early trading companies organized effectively in remarkably modern ways and merit further study as analogues of more modern structures.
同意大张的。
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