Abstract
his review covers the book titled “CHALLENGES AND OPPORTUNITIES IN ITALIAN CORPORATE GOVERNANCE”, which was written by Salvatore Esposito De Falco, Federico Alvino, Nicola Cucari, Luigi Lepore (Virtus Interpress, 2019; ISBN: 978-617-7309-07-8). The review shortly outlines the structure of the book, pays attention to its strong sides and issues that will be, by the reviewers’ point of view, most interesting for the reader.
Highlights
When Andrea Melis published his influential “Corporate Governance in Italy” paper at the very beginning of the 21st century (Melis, 2000), he explained that developed economies are predominated by two main basic corporate governance systems: the relationshipbased corporate system predominant in the widest parts of Europe as well as Japan and the market-oriented corporate system as we know it in the US, UK, etc. (Franks & Mayer, 1992)
They wanted to illustrate that insider systems with large and majority shareholders are always connected with less minority shareholder protection (Scafarto, Ricci, Della Corte, & De Luca, 2017; Giani, 2008)
The context that is under critics by La Porta et al (1998, 1999, and 2000) has been described in details in the research by Napoli (2019), Kostyuk, Mozghovyi, and Govorun (2018)
Summary
When Andrea Melis published his influential “Corporate Governance in Italy” paper at the very beginning of the 21st century (Melis, 2000), he explained that developed economies are predominated by two main basic corporate governance systems: the relationshipbased corporate system predominant in the widest parts of Europe (including Italy) as well as Japan and the market-oriented corporate system as we know it in the US, UK, etc. (Franks & Mayer, 1992). Book review: “Challenges and opportunities in Italian corporate governance”. According to Rigamonti (2008), Colarossi, Giorgino, Steri, and Viviani (2008), Fernández and Gómez-Ansón (2006), the insider system, is characterized by highly concentrated ownership by families (Italy, Sweden), banks or insurance companies (Germany) or other internal networks (Japan).
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
