Joint-Stock Companies Dynamics, Legal Institutions and Regional Economic Disparities in Italy (1858-1914)

39 Pages Posted: 14 Oct 2014

See all articles by Pierangelo Toninelli

Pierangelo Toninelli

Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS); Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS)

Claudio Pavese

Università degli Studi di Milano-Bicocca

Date Written: October 14, 2014

Abstract

The paper represents the outcome of an ongoing research program on the dynamics of joint stock companies in Italy between the 1861 Unification of the country and World War I. It is based on a considerable quantity of data, the bulk of which is constituted by the very detailed set covering the 1883-1913 period, which started to be collected many years ago and has a very reliable empirical support, the weekly companies’ official bulletin. Furthermore evidence for the preceding years have requested accurate investigation about the disposable quantitative information, their homogeneity and comparability. Apart from commenting upon the result of this unique collection of quantitative information, the paper will hopefully provide a not negligible contribution to the explanation of the Italian first period of economic growth and -- more specifically -- to the origins and evolution of the country’s regional inequalities. It is aimed at enlightening internal economic and social disparities also in terms of the diverging rhythm of private capital formation between the northern and southern regions. It will inquire if and how the joint stock companies long-term dynamics showed unequal regional concentration, therefore penalizing the economic growth of the areas less affected by the phenomenon.

Keywords: N23, N13, K22

JEL Classification: Italy pre-1913, joint stock companies, corporate law

Suggested Citation

Toninelli, Pierangelo and Pavese, Claudio, Joint-Stock Companies Dynamics, Legal Institutions and Regional Economic Disparities in Italy (1858-1914) (October 14, 2014). University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 282, Available at SSRN: https://ssrn.com/abstract=2509713 or http://dx.doi.org/10.2139/ssrn.2509713

Pierangelo Toninelli (Contact Author)

Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milano, 20126
Italy

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milan, 20126
Italy

Claudio Pavese

Università degli Studi di Milano-Bicocca ( email )

Piazza dell'Ateneo Nuovo, 1
Milano, Milan 20126
Italy

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