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Financial Elites and European BankingHistorical Perspectives$
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Youssef Cassis and Giuseppe Telesca

Print publication date: 2018

Print ISBN-13: 9780198782797

Published to Oxford Scholarship Online: September 2018

DOI: 10.1093/oso/9780198782797.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 February 2021

Financial Elites and the Italian Corporate Network, 1913–2001

Financial Elites and the Italian Corporate Network, 1913–2001

(p.92) 4 Financial Elites and the Italian Corporate Network, 1913–2001
Financial Elites and European Banking

Alberto Rinaldi

Michelangelo Vasta

Oxford University Press

This chapter analyses the Italian corporate network along the twentieth century focusing on seven benchmark years (1913, 1927, 1936, 1960, 1972, 1983, and 2001). For each year, the top 250 companies (50 financial and 200 non-financial) by total assets have been selected. After showing some descriptive statistics, the chapter develops a network connectivity analysis of the system. This is integrated by a prosopographic study of the big linkers, defined as those directors who had the highest number of board positions in each year. The big linkers who held directorships in both banks and industrial firms functioned as the nation’s financial elite. These relationships were assured for a long time principally by industrialists and financiers. Bankers surged to a prominent position only at the end of the century, after the massive privatizations of the 1990s.

Keywords:   big linkers, financial elites, Italy, network analysis, collective biographies

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