3 Corporate Governance in Italy
3.1 The Structural Peculiarities of the Italian Capitalistic System
The structure of the Italian industrial system has changed over the past fifty years due to three fundamental changes. Firstly, the privatisation wave occurred in Italy in the 1980s, one of the most intense in Europe, which made the typical model of state-owned companies vanish, particularly in strategic sectors such as telecommunication, the iron and steel industry and infrastructure. Secondly, the colossal downsizing process that violently hit large business groups that had flourished in the 1900s and that either shut down or were purchased by international investors. Thirdly, the ownership structure of companies ...
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