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Dynastic management and historical origins: the Italian experience

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dc.contributor.author Cardullo, Gabriele
dc.contributor.author Conti, Maurizio
dc.contributor.author Damiani, Mirella
dc.contributor.author Ricci, Andrea
dc.contributor.author Scicchitano, Sergio
dc.contributor.author Sulis, Giovanni
dc.date.accessioned 2022-09-19T11:59:18Z
dc.date.available 2022-09-19T11:59:18Z
dc.date.issued 2022-09-19
dc.identifier.citation Cardullo G., Conti M., Damiani M., Ricci A., Scicchitano S., Sulis G. (2022), Dynastic management and historical origins. The Italian experience, Inapp, WP, 94 <https://oa.inapp.org/xmlui/handle/20.500.12916/3628> it_IT
dc.identifier.issn 2784-8701
dc.identifier.other DOI: 10.53223/InappWP_2022-94
dc.identifier.uri https://oa.inapp.org/xmlui/handle/20.500.12916/3628
dc.description.abstract In this paper we explore the long run determinants of the emergence of family firms and different types of corporate governance. Using a representative sample of Italian firms, we show that higher current levels of trust, related to the experience of a free commune in the Middle Ages, are negatively related to the probability of being a family firm and to observing a dynastic management. On the contrary, higher level of trust are positively related to the probability of appointing an external manager or an internal manager not belonging to the family dynasty. These results are confirmed by an instrumental variables strategy used to tackle endogeneity issues. Some policy implications are also discussed. it_IT
dc.language.iso en it_IT
dc.publisher Inapp it_IT
dc.subject Cooperazione it_IT
dc.subject Governance it_IT
dc.subject Imprese familiari it_IT
dc.title Dynastic management and historical origins: the Italian experience it_IT
dc.type Working Paper it_IT
dc.type.relation Working Paper;


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