The corporate groups in Italy: a macro-regions analysis 1998-2006 Objectives

Author/s Raffaele Santioni
Publishing Year 2012 Issue 2012/1 Language Italian
Pages 34 P. 87-120 File size 737 KB
DOI 10.3280/REST2012-001004
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The present paper aims to characterise the governance structure of the larger Italian business groups. Methods and Results I use micro data available from Centrale dei bilanci (Company Accounts Data Service). The analysis of the geographical connection between holding companies and firms established in different areas has shown that, between 1998 and 2006, the business groups located in the Centre North, with the exception of those operating in the service sector, have strengthened their control in the southern firms. Corporate control in the South by foreign groups has shown a general weakness in all sectors of economic activity. Finally, the larger business groups of Italian capitalism have maintained an active interest in the South by supporting the growth of subsidiary companies. Conclusions Between 1998 and 2006 the dependence of the southern economy from business groups located in the Centre North increased, whereas corporate control of southern firms by foreign groups decreased.

Keywords: Corporate groups, Mezzogiorno, economic interdependence

Raffaele Santioni, I gruppi di imprese in italia: un’analisi tra macro-aree 1998-2006 in "RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO" 1/2012, pp 87-120, DOI: 10.3280/REST2012-001004