This article analyzes the structure of the Italian corporate network in the decade that followed the end of the “Golden Age” (1972–83), when the transition from the technological trajectory of the second to that of the third industrial revolution began. The article is based on a large dataset, Imita.db, which contains data on more than thirty-eight thousand Italian joint-stock companies and about three hundred thousand directors, and uses both network analysis and a prosopographic approach. The main result is that the interval considered was marked by a sharp decrease in the degree of cohesion of the Italian corporate network. In 1972, the system was very cohesive and state-owned enterprises were well represented within the most central firms. In 1983, the cohesion of the system had sharply diminished; state-owned enterprises had disappeared from the center and a new private center, hinged on Mediobanca, the only merchant bank operating in the country, had emerged.
Rinaldi, A., Vasta, M. (2012). The Italian corporate network after the "Golden Age" (1972-1983): from centrality to marginalization of State-owned enterprises. ENTERPRISE & SOCIETY, 2(13), 378-413 [10.1093/es/khr071].
The Italian corporate network after the "Golden Age" (1972-1983): from centrality to marginalization of State-owned enterprises
VASTA, MICHELANGELO
2012-01-01
Abstract
This article analyzes the structure of the Italian corporate network in the decade that followed the end of the “Golden Age” (1972–83), when the transition from the technological trajectory of the second to that of the third industrial revolution began. The article is based on a large dataset, Imita.db, which contains data on more than thirty-eight thousand Italian joint-stock companies and about three hundred thousand directors, and uses both network analysis and a prosopographic approach. The main result is that the interval considered was marked by a sharp decrease in the degree of cohesion of the Italian corporate network. In 1972, the system was very cohesive and state-owned enterprises were well represented within the most central firms. In 1983, the cohesion of the system had sharply diminished; state-owned enterprises had disappeared from the center and a new private center, hinged on Mediobanca, the only merchant bank operating in the country, had emerged.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
https://hdl.handle.net/11365/21521
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