TY - JOUR
T1 - Costo degli organi societari e scelta dei sistemi di governance alternativi: l'evidenza empirica in Italia.
AU - Bellavite Pellegrini, Carlo
AU - Sironi, Emiliano
AU - Pellegrini, Laura
AU - 27494,
AU - FACOLTA', DI ECONOMIA
AU - economica, MILANO - Dipartimento di Politica
AU - 32945,
AU - FACOLTA' DI SCIENZE BANCARIE, FINANZIARIE E ASSICURATIVE
AU - statistiche, MILANO - Dipartimento di Scienze
AU - INTERFACOLTA':, SC. MAT. FIS. E NAT. - SC. BANC. FIN. E ASS.
PY - 2013
Y1 - 2013
N2 - The literature on corporate governance has investigated the relationship between the adoption of a corporate governance system and firms’ performance, but it seems to ignore the issue of costs of the body corporate members among different systems, i.e. the traditional and alternative models, with specific reference to unlisted companies. The paper aims to investigate to what extent the costs of each corporate body may affect the choice of a corporate governance system.
The analysis, that is led on a sample of unlisted Italian corporations in 2008, shows that the one-tier system, characterizing firms not necessarily small, with more fragmented ownership structures and more likely to be under control and coordination, highlights lower costs than the traditional and the two-tier systems.
AB - The literature on corporate governance has investigated the relationship between the adoption of a corporate governance system and firms’ performance, but it seems to ignore the issue of costs of the body corporate members among different systems, i.e. the traditional and alternative models, with specific reference to unlisted companies. The paper aims to investigate to what extent the costs of each corporate body may affect the choice of a corporate governance system.
The analysis, that is led on a sample of unlisted Italian corporations in 2008, shows that the one-tier system, characterizing firms not necessarily small, with more fragmented ownership structures and more likely to be under control and coordination, highlights lower costs than the traditional and the two-tier systems.
KW - ALTERNATIVE CORPORATE GOVERNANCE SYSTEMS
KW - COST OF ALTERNATIVE CORPORATE GOVERNANCE SYSTEMS
KW - COSTO ORGANI SOCIETARI
KW - SISTEMI DI GOVERNANCE ALTERNATIVI
KW - ALTERNATIVE CORPORATE GOVERNANCE SYSTEMS
KW - COST OF ALTERNATIVE CORPORATE GOVERNANCE SYSTEMS
KW - COSTO ORGANI SOCIETARI
KW - SISTEMI DI GOVERNANCE ALTERNATIVI
UR - http://hdl.handle.net/10807/53128
M3 - Articolo in rivista
SP - 41
EP - 62
JO - RIVISTA DEI DOTTORI COMMERCIALISTI
JF - RIVISTA DEI DOTTORI COMMERCIALISTI
SN - 0485-2281
ER -