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.

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@article{b53116025fbf4273a229195c556e6997,
title = "Reassessing the Italian {"}economic miracle{"}: law, firms' governance, and management, 1950-1973",
abstract = "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.",
keywords = "accountants, firms' efficiency, Golden age, Italian capitalism",
author = "{Di Martino}, Paolo and Michelangelo Vasta",
year = "2018",
month = jul,
day = "25",
doi = "10.1017/S0007680518000430",
language = "English",
volume = "92",
pages = "281--306",
journal = "Business History Review",
issn = "0007-6805",
publisher = "Cambridge University Press",
number = "2",

}

RIS

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 -