Italian interlocking directorates: structure, evolution and cross-country comparisons

Casali, Elena (A.A. 2012/2013) Italian interlocking directorates: structure, evolution and cross-country comparisons. Tesi di Laurea in Global economic challenges, LUISS Guido Carli, relatore Liliane Giardino-Karlinger, pp. 68. [Master's Degree Thesis]

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Interlocking directorates have historically represented an important characteristic of the Italian corporate network. Pyramidal groups and low developed capital markets have fostered this phenomenon. Nevertheless, the Italian interlocking directorates have registered earlier erosion than in other countries. Analyzing the ties between the 250 largest Italian firms, this work reveals that the major forces shaping the structure of the Italian interlocking directorates are the long-term commitment of banks in financing private companies, the level of shareholder protection and the role of the state in the economy. Cross-country comparisons sustain the first two results, while the effects of state intervention remain ambiguous.


Bibliografia: pp. 58-61.

Thesis Type: Master's Degree Thesis
Institution: LUISS Guido Carli
Degree Program: Master's Degree Programs > Master's Degree Program in General Management, English language (LM-77)
Chair: Global economic challenges
Thesis Supervisor: Giardino-Karlinger, Liliane
Thesis Co-Supervisor: Lanza, Alessandro
Academic Year: 2012/2013
Session: Summer
Uncontrolled Keywords: Interlocking directorates. Mixed banks. Corporate governance. Business system.
Deposited by: Maria Teresa Nisticò
Date Deposited: 17 Dec 2013 12:45
Last Modified: 17 Mar 2016 11:08


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