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Banks and Corporate Governance in Italy: A Two-Tier Model

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Corporate Governance, Financial Markets and Global Convergence

Part of the book series: Financial and Monetary Policy Studies ((FMPS,volume 33))

Abstract

In most countries today, whether industrial, fast developing or transitional there is a growing awareness that the competitiveness of the economy depends, among other institutions, on ‘corporate governance systems’, namely on the rules and the institutions that take care of financing and allocating control over firms. Several factors help explain this trend: growing capital mobility offering alternatives for the investment of national savings, emergence of new technological paradigms demanding changes in the allocation of control, and the transformation process in Eastern Europe. In Italy, as in other European countries, further reasons for the current debate and for a growing pressure to reform existing institutions are the need to privatize State-owned corporations, due to their growing failure to deliver good performance, and the obstacles that small firms encounter in financing very fast growth.

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Authors
  1. Fabrizio Barca
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  2. Giovanni Ferri
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  3. Nicola Pesaresi
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Editor information

Editors and Affiliations

  1. Aarhus School of Business, Aarhus, Denmark

    Morten Balling (Rector) (Rector)

  2. Central Banking, London, UK

    Elizabeth Hennessy (Managing Editor) (Managing Editor)

  3. Global Business Network, London, UK

    Richard O’Brien

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© 1998 Springer Science+Business Media Dordrecht

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Barca, F., Ferri, G., Pesaresi, N. (1998). Banks and Corporate Governance in Italy: A Two-Tier Model. In: Balling, M., Hennessy, E., O’Brien, R. (eds) Corporate Governance, Financial Markets and Global Convergence. Financial and Monetary Policy Studies, vol 33. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2633-6_2

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  • DOI: https://doi.org/10.1007/978-1-4757-2633-6_2

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4419-4784-0

  • Online ISBN: 978-1-4757-2633-6

  • eBook Packages: Springer Book Archive

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