By Andrea Colli, Michelangelo Vasta
Taking an old standpoint, this precise booklet highlights the evolution of the numerous diversified sorts of company, and discusses the contribution of those varieties of enterprise to the commercial development of Italy. One vital factor that has lately captured the eye and the study efforts of either economists and financial historians has been the controversy on different types of capitalism within the smooth international. during this context, the specialist individuals research a few of the phases of Italian improvement which were characterised through various dominating varieties of company which, in flip, have tailored to the character of technological and marketplace possibilities on the institutional, nationwide and foreign point. This ebook proposes a brand new interpretation of the 'Italian case' that makes use of either the structural and macroeconomic point of view of comparative heritage, in addition to the microeconomic views targeting the ideas of other monetary brokers. according to reliable quantitative facts, this unique paintings will end up to be a priceless source for lecturers and scholars of procedure and association, monetary historians and utilized economists.
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Extra info for Forms of Enterprise in 20th Century Italy: Boundaries, Structures and Strategies
1, refers to three different samples: top 200 ALL, top 200 MAN and top 200 SER. The first element to be underlined is that the weight of big business is very large, despite the fact that small- and medium-sized enterprises are prevalent within Italian business system. As for the top 200 ALL, it can be noted that the ratio of assets to GDP is much higher than that observed for the other two samples. This depends on two effects: (i) the large share of the non-manufacturing industrial enterprises (mining and, in particular, utilities); and (ii) the high level of concentration which characterises all sectors, in which a small number of big enterprises are all included in the sample.
PART I Big business: catching the technological frontier 2. 1 INTRODUCTION In economic history, the approach to big business was developed by Alfred Chandler (1962, 1977), who described the ‘strategy and structure’ of the American business system from the end of 19th century, while comparing big business – the top 200 firms – in the three main industrialised countries: the USA, the UK and Germany (Chandler 1990). 1 The size and organisation of the firms depend firstly on the characteristics of the technology which prevailed during a specific historical phase; the strategies of firms followed from their structure, according to their internal capabilities.
The Golden Age presented several interesting changes within the service sectors. In the commercial sector, wholesale trade businesses remained stable, but there was an overall rapid growth of commercial firms essentially due to an increase in firms handling car sales, the sale of spare parts and fuel, as well as in retail trade. This progress was slower in terms of assets. 2 per cent in 1971. This phenomenon, as already observed for the commercial sector, was essentially due to the diffusion of the car, which was accompanied by the rapid construction of an extended Italian motorway system.