The enduring logic: the history of business groups in Italy

Andrea Colli () and Michelangelo Vasta

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: This paper, by merging a qualitative and quantitative approach, focuses on the evolution of business groups (BGs) in Italy along the XX century. By adopting the network analysis, and by using a large and comprehensive dataset (Imita.db), this paper provides various proxy measures of the relevance of the largest BGs in the Italian economy. The analysis, by also providing a taxonomy, clearly shows the persistence of large and entangled BGs in the Italian economy. Moreover, it shows that BGs are present not only among large firms, but in almost all the dimensional and juridical forms of the Italian firms. The paper, by challenging the conventional wisdom, confirms that BGs is neither limited to the less developed countries, nor is simply a second best functional substitute of the M-form characterizing big business around the world

Keywords: business groups (BGs); network analysis; Italian capitalism (search for similar items in EconPapers)
Date: 2015-12
New Economics Papers: this item is included in nep-his
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:723

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