Old and new Italian multinational firms

Fabrizio Onida () and Giuseppe Berta
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Giuseppe Berta: Università Luigi Bocconi di Milano

No 15, Quaderni di storia economica (Economic History Working Papers) from Bank of Italy, Economic Research and International Relations Area

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."

Keywords: Italian; industry-multinational; companies (search for similar items in EconPapers)
JEL-codes: F23 L60 N63 N64 N83 N84 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-his and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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