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La gouvernance des entreprises en Italie: un exemple de non-convergence?

Author

Listed:
  • Franco A. Grassini

    (Université LUISS.Guido Carli de Rome)

Abstract

This paper aims to explain the Italian system peculiarities which cast some doubts on convergence of national corporate governance systems. Italian non-financial companies listed on the Stock Exchange play a relatively small role. Most Italian companies are organised as formal or informal groups. The market for corporate control is very small. Control, based on majority or minority, by a powerful individual will prevail in most Italian companies also in the foreseeable future. The real problem for the future of Italian corporate governance is the ability of the Italian economy to develop on the basis of small and medium firms.

Suggested Citation

  • Franco A. Grassini, 2001. "La gouvernance des entreprises en Italie: un exemple de non-convergence?," Revue Finance Contrôle Stratégie, revues.org, vol. 4(3), pages 147-182, September.
    • Handle: RePEc:dij:revfcs:v:4:y:2001:i:q3:p:147-182
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • P19 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Other

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