Post-War Institutional Shocks: The Divergence of Italian and Japanese Corporate Governance Models
AbstractAfter the first section, introducing some typical problems of family capitalism, the following three sections of the paper consider the ambiguity of the legal framework defining the modern corporation, the two way relation between technology and property rights and the different mechanisms by which the control of the firms can be transferred to new individuals. In the other sections we examine the different role that the American occupation has had in the two countries: in Italy it involved the definitive blessing and reinforcement of both State-owned corporations and family controlled pyramidal groups that had emerged during the fascist period, whereas in Japan it caused the end of the power of the great zaibatsu families. We will also consider how inter-firm share holding can promote (Japan) or inhibit (Italy) expansion of large corporations and the mechanisms that have made each model self- sustaining after the initial institutional shocks.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp117.
Date of creation: Mar 1999
Date of revision:
Contact details of provider:
Web page: http://www.cbr.cam.ac.uk/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Nicholas Crafts & Marco Magnani, 2011.
"The Golden Age and the Second Globalization in Italy,"
Quaderni di storia economica (Economic History Working Papers)
17, Bank of Italy, Economic Research and International Relations Area.
- Crafts, Nicolas & Magnani, Marco, 2011. "The Golden Age and the Second Globalization in Italy," CAGE Online Working Paper Series 61, Competitive Advantage in the Global Economy (CAGE).
- repec:cge:warwcg:60 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Howard Cobb).
If references are entirely missing, you can add them using this form.