Old and New Italian Multinational Firms

61 Pages Posted: 23 Mar 2013

See all articles by Giuseppe Berta

Giuseppe Berta

Bocconi University - Department of Policy Analysis and Public Management

Fabrizio Onida

Bocconi University - Department of Economics

Date Written: October 25, 2011

Abstract

After a quick profile of Italian foreign direct investments since 1900 and a short review of the main explanations of the lagged multinational growth by Italian manufacturing companies, a quick glimpse of business histories is given to the only two still today living "old protagonists" (Pirelli, Fiat) and to three old corporate groups (Olivetti, SNIA Viscosa, Montecatini-Montedison) who had also reached a significant degree of full internationalization early in the XX century, but during the second postwar period underwent profound dismantling of their original business mission. Finally the paper focuses on few cases of "new protagonists", mid-size family companies who undertook a true multinational strategy only in the most recent decades and today represent the core of the Italian "fourth capitalism".

Keywords: Italian industry-multinational companies

JEL Classification: F23, L60, N63, N64, N83, N84

Suggested Citation

Berta, Giuseppe and Onida, Fabrizio, Old and New Italian Multinational Firms (October 25, 2011). Bank of Italy Economic History Working Paper No. 15. Available at SSRN: https://ssrn.com/abstract=2236763 or http://dx.doi.org/10.2139/ssrn.2236763

Giuseppe Berta

Bocconi University - Department of Policy Analysis and Public Management ( email )

Via Roentgen 1
Milan, 20136
Italy

Fabrizio Onida (Contact Author)

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

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