Reassessing the Italian "economic miracle": law, firms' governance, and management, 1950-1973
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Reassessing the Italian "economic miracle" : law, firms' governance, and management, 1950-1973. / Di Martino, Paolo; Vasta, Michelangelo.
In: Business History Review, Vol. 92, No. 2, 25.07.2018, p. 281-306.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Reassessing the Italian "economic miracle"
T2 - law, firms' governance, and management, 1950-1973
AU - Di Martino, Paolo
AU - Vasta, Michelangelo
PY - 2018/7/25
Y1 - 2018/7/25
N2 - This article revisits and reassesses the evolution of Italian capitalism during the so called economic miracle (1950-1973). Using original sources, it analyzes how the average small, private firm, representing the vast majority of Italian businesses at the time, struggled to fully develop, grow, and modernize. The paper identifies the main source of the problem in a set of inefficient (or poorly-enforced) laws and regulations that allowed firms to remain competitive, and business owners to extract resources out of them, using a wide variety of borderline strategies. This article also claims that accountants (commercialisti) had a key role in implementing these strategies.
AB - This article revisits and reassesses the evolution of Italian capitalism during the so called economic miracle (1950-1973). Using original sources, it analyzes how the average small, private firm, representing the vast majority of Italian businesses at the time, struggled to fully develop, grow, and modernize. The paper identifies the main source of the problem in a set of inefficient (or poorly-enforced) laws and regulations that allowed firms to remain competitive, and business owners to extract resources out of them, using a wide variety of borderline strategies. This article also claims that accountants (commercialisti) had a key role in implementing these strategies.
KW - accountants
KW - firms' efficiency
KW - Golden age
KW - Italian capitalism
UR - http://www.scopus.com/inward/record.url?scp=85050754009&partnerID=8YFLogxK
U2 - 10.1017/S0007680518000430
DO - 10.1017/S0007680518000430
M3 - Article
AN - SCOPUS:85050754009
VL - 92
SP - 281
EP - 306
JO - Business History Review
JF - Business History Review
SN - 0007-6805
IS - 2
ER -