Privatization processes that involved municipal companies since the Nineties to the formation of multi-utility companies listed in the stock market, but with the majority of shares still in the hands of municipalities. Also, the "liberalized" markets were subject to uncertain regulation. In this new environment, companies faced mixed incentives that led to the adoption of very diverse, and sometimes inconsistent, patterns in governance and strategy.
Keywords: Governance failures, regulation, corporate governance, privatization, internationalization, Social Network Analysis
Marco Di Giulio, Maria Tullia Galanti, Cecilia Manzo, Francesco N. Moro, A new "ircocervo". Privatization, regulation and hybridization in Italian multi-utility companies in "SOCIOLOGIA DEL LAVORO " 135/2014, pp. 55-72, DOI:10.3280/SL2014-135004