Skip Navigation


ICC Advance Access originally published online on March 22, 2006
Industrial and Corporate Change 2006 15(2):319-352; doi:10.1093/icc/dtj018
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
15/2/319    most recent
dtj018v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Corrado, R.
Right arrow Articles by Zollo, M.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© The Author 2006. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.

Small worlds evolving: governance reforms, privatizations, and ownership networks in Italy

Raffaele Corrado and Maurizio Zollo

Correspondence: Raffaele Corrado, Assistant Professor, Department of Management, University of Bologna, Bologna, Italy. e-mail: raffaele.corrado{at}unibo.it

Correspondence: Maurizio Zollo, Associate Professor of Strategy, INSEAD, France. e-mail: maurizio.zollo{at}insead.edu

How do ownership networks among business enterprises evolve over time? What roles do corporate governance reforms and privatization programs play in shaping the structural characteristics of these networks? This article addresses these questions by leveraging on small-world analysis techniques applied to the ownership networks among Italian enterprises in 1990 and 2000. Italy underwent a significant program of privatizations over the decade under study, coupled with changes in the corporate law aimed at strengthening the defense of minority shareholders. The data show signs of significant fragmentation of the overall network, but at the same time of stability in the structure of its main component, as measured by small-world coefficients. Further, the role of the key players in the network seems to remain relatively stable despite the major turbulence at the institutional level as well as in the structural characteristics of the complete network.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 Ind Corp ChangeHome page
J.-A. Lamberg and H. Tikkanen
Changing sources of competitive advantage: cognition and path dependence in the Finnish retail industry 1945-1995
Ind. Corp. Change, October 1, 2006; 15(5): 811 - 846.
[Abstract] [Full Text] [PDF]


Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.