Ricevuto il 19.11.2019 – Accettato il 29.11.2019
Keywords
L’evoluzione della corporate governance in Italia: formale conver- genza o path-dependence?
governance
stakeholders
executive compensation
Parole chiave
The evolution of corporate law
et al.
The good governance code
Table 1 The most important regulatory reforms affecting listed companies in Italy
Year Reform
The ownership structure of large Italian companies
Table 2 Number of companies and shares listed on the Milan Stock Exchange (1960-2018)
Year Companies Shares Compa- nies
Shares Compa- nies
Shares
Table 3 Control structure of companies listed on the MTA (at the end of each year)
Table 4 Ultimate shareholder identity in listed companies (at the end of 2017)
FTSE MIB Mid Cap Star Other Total
N. weigh
t N. weigh
t N. weigh
t N. weigh
t N. weigh
t
Table 5 Institutional investors’ shareholdings in Italian listed companies
At least one institutional investor
At least one Italian insti- tutional investor
At least one foreign insti- tutional investor
N. weight Mean
share- hold-
ing
N. weight Mean
share- hold-
ing
N. weight Mean
share- hold- ing
Table 6 Control enhancing mechanisms in Italian listed companies
Corporate groups Shares with no, limited or multiple votes
Hori- zontal
Py- rami-
dal
Mixed Stand- alone compa- nies
Sav- ings
Pre- ferred
Loy- alty
Mul- tiple vot- ing
Table 7 Cross-ownership in listed companies
1990 1998 2007
et al.
The characteristics of the board of directors of Italian companies before the
introduction of the code
The characteristics of the board of directors of Italian companies after the
introduction of the code
Table 8 The characteristics of the board of directors of Italian listed companies
2004 2017
Sample 248 listed companies 259 listed companies
segue tab. 8
2004 2017
Sample 248 listed companies 259 listed companies
