Form, Size, 'Governance'. Remarks on Italian Late 19th-Century Companies
For citation, please refer to the revised published version: Form, Size, ‘Governance’. Remarks on Italian Late 19th Century Companies, in D. De ruysscher, A. Cordes, S. Dauchy and H. Pihlajamäki (eds.), The Company in Law and Practice: Did Size Matter? (Middle Ages-Nineteenth Century), (History of P
15 Pages Posted: 2 Oct 2015 Last revised: 29 Nov 2018
Date Written: October 1, 2015
The late 19th century Italian experience concerning form, size and governance of companies and partnerships limited by shares represents a good case study in the contemporary European context, especially for the coexistence of small and big companies, each with a specific role and different needs.
Moreover, neither the few big businesses nor the many smaller companies chose the classical corporation form, namely a company limited by shares, which in Italy, as in France, was called società anonima.
At least at the beginning of their business activities, they mainly preferred the juridical form of the so called accomandita per azioni, i.e. partnerships limited by shares, where in addition to one or more general partners who didn’t enjoy limited liability, there were one or more limited partners, i.e. partners with limited liability. And this was for different reasons which I am going to discuss in the paper.
Keywords: Corporation, cooperative company, Italy
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