IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

The structure of Italian capitalism, 1952-1972: New evidence using the interlocking directorates technique

  • Alberto Rinaldi

    ()

  • Michelangelo Vasta

    ()

The paper explores the structure of the Italian capitalsitic system by focusing on the relationships between financial - banks, insurances and holdings - and industrial firms in Italy during the period 1952-72 through the analysis of the interlocks that existed between them. By an interlock is meant the link created between two firms when an induvidual belongs to the board of directors of both. The analysis is based on a database - Imita.db - containing data on over 300,000 directors of Italian joint stock companies for the years 1952, 1960 and 1972. After showing a descriptive statistics of the firms and the directors included in the database, the paper develops a network connectivity analysis of the system. This is integrated by a prosopographic study about the big linkers, defined as those directors cumulating the ighest number of offices in each benchmark year. The paper confirms that Italian capitalism maintained substantial peculiarities in the period investigated. In particular, it argues that interlocks played an important role in guaranteeing the stability of the positions of control of the major private firms and their connections with State-owned firms. In 1952 and 1960, the system, centred on the larger electrical companies, showed the highest degree of cohesiveness. That centre dissolved after the nationalisation of the electricity industry in 1962 and was replaced by a less strong and cohesive one, hinged on banks and insurances.

If 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.

File URL: http://www.dep.unimore.it/materiali_discussione/0426.pdf
Download Restriction: no

Paper provided by University of Modena and Reggio E., Faculty of Economics "Marco Biagi" in its series Department of Economics with number 0426.

as
in new window

Length: pages 37
Date of creation: Jan 2003
Date of revision:
Publication status: Published in Financial History Review, vol, 12, 2, pp. 173-198 (2005)
Handle: RePEc:mod:depeco:0426
Contact details of provider: Web page: http://www.economia.unimore.it/

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:mod:depeco:0426. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sara Colombini)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.