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Old and new Italian multinational firms

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Author Info

  • Giuseppe Berta

    ()
    (Università Commerciale "Luigi Bocconi", Milan)

  • Fabrizio Onida

    ()
    (Università Commerciale "Luigi Bocconi", Milan)

Abstract

After a quick profile of Italian foreign direct investments since 1900 and a short review of the main explanations of the lagged multinational growth by Italian manufacturing companies, a quick glimpse of business histories is given to the only two still today living "old protagonists" (Pirelli, Fiat) and to three old corporate groups (Olivetti, SNIA Viscosa, Montecatini-Montedison) who had also reached a significant degree of full internationalization early in the XX century, but during the second postwar period underwent profound dismantling of their original business mission. Finally the paper focuses on few cases of "new protagonists", mid-size family companies who undertook a true multinational strategy only in the most recent decades and today represent the core of the Italian "fourth capitalism".

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Bibliographic Info

Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Quaderni di storia economica (Economic History Working Papers) with number 15.

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Date of creation: Oct 2011
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Handle: RePEc:bdi:workqs:qse_15

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Keywords: Italian industry-multinational companies;

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  1. Federico Barbiellini Amidei & Andrea Goldstein & Marcella Spadoni, 2010. "European Acquisitions in the United States:Re-examining Olivetti-Underwood Fifty Years Later," Quaderni di storia economica (Economic History Working Papers), Bank of Italy, Economic Research and International Relations Area 2, Bank of Italy, Economic Research and International Relations Area.
  2. James R. Markusen & Anthony J. Venables, 1995. "Multinational Firms and The New Trade Theory," NBER Working Papers 5036, National Bureau of Economic Research, Inc.
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Cited by:
  1. Federico Barbiellini Amidei & John Cantwell & Anna Spadavecchia, 2011. "Innovation and Foreign Technology in Italy,1861-2011," Quaderni di storia economica (Economic History Working Papers), Bank of Italy, Economic Research and International Relations Area 07, Bank of Italy, Economic Research and International Relations Area.

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