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

  • Fabrizio Barca
  • Giovanni Ferri
  • Nicola Pesaresi
Part of the Financial and Monetary Policy Studies book series (FMPS, volume 33)


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.


Corporate Governance Commercial Bank Large Bank Corporate Control Active Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • Fabrizio Barca
  • Giovanni Ferri
  • Nicola Pesaresi

There are no affiliations available

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