Corporate governance, ownership, and performance: A closer look at the Italian case

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Abstract

Corporate governance of companies is a hot topic for both researchers and practitioners since the last decades. The investigations on this theme revealed the presence of many different approaches and practices in the decision-making process and managing companies among different countries. This paper is focused on Italy, where distinctive features of corporate governance can be identified (i.e., with regard to the ownership structure of companies) due to the peculiar legal and industrial framework in which Italian companies operate. The contribution of the paper is to further shed light on the historical background of the Italian industrial sector that made the Italian industrial system slightly different from the other countries and to give a comprehensive, but synthetic, view of the corporate governance of Italian listed companies. Current and further researches needed are also commented on and suggested.

Keywords: Corporate Governance, Italy, Ownership Structure, CEO Duality

Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.

Declaration of conflicting interests: The Author declares that there is no conflict of interest.

JEL Classification: G3, G34

Received: 08.07.2020
Accepted: 16.09.2021
Published online: 20.09.2021

How to cite this paper: Lagasio, V. (2021). Corporate governance, ownership, and performance: A closer look at the Italian case. Corporate Ownership & Control, 19(1), 8–16. https://doi.org/10.22495/cocv19i1art1