Article ID Journal Published Year Pages File Type
5068630 Explorations in Economic History 2017 9 Pages PDF
Abstract

I empirically investigate the effect of social capital on family control in a comprehensive data set from Italy. Exploiting historically-driven variations in social capital provided by the experience of self-government during the Middle Ages, I find that when social capital is weak, family control and management of companies are more prevalent. These results provide novel evidence on the pervasive influence of culture on organizational structures.

Related Topics
Social Sciences and Humanities Arts and Humanities History
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