For a long time family capitalism has been considered to be one of the distinguishing characteristics of the Italian economy. In Italy also large business organizations rely very often on this form of corporate governance. This paper examines both the actual institutional shocks and the missed...

In this paper we investigate a rationale for co-evolution of financial and technological structures in modern firms according to the Comparative Institutional Analysis Approach (CIA). Starting from the 'Transaction Costs Approach' (TCE) to the analysis of the relationship between corporate...