Jump to ContentJump to Main Navigation
Corporate Governance, Competition, and Political PartiesExplaining Corporate Governance Change in Europe$
Users without a subscription are not able to see the full content.

Roger M. Barker

Print publication date: 2010

Print ISBN-13: 9780199576814

Published to Oxford Scholarship Online: May 2010

DOI: 10.1093/acprof:oso/9780199576814.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 March 2020

The Case of Italy: Everything Changes, Everything Stays the Same

The Case of Italy: Everything Changes, Everything Stays the Same

Chapter:
(p.256) 10 The Case of Italy: Everything Changes, Everything Stays the Same
Source:
Corporate Governance, Competition, and Political Parties
Author(s):

Roger M. Barker

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199576814.003.0010

Italy had less competitive product markets than Germany by the late 1990s, suggesting that producers continued to benefit from economic rents. Consistent with the hypothesis of this book, it also experienced less firm‐level corporate governance change. A distinctive feature of the Italian case was the disparity between de jure and de facto corporate governance outcomes. Whereas pro‐shareholder legislative reform was introduced by the Prodi government in the late 1990s – as a part of Italy's drive to achieve membership of EMU – this did not exert much impact on actual firm‐level behavior. Economic rents represented an obstacle to the successful implementation of legislative corporate governance reform, as they increased the private benefits of control to blockholders.

Keywords:   Italy, case study, EMU, technocrats

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .