The evolution of Italian multinational firms and the emergence of fourth capitalism - The purpose of this article is to outline the evolution of Italian multinational firms during the 2001-2007 period. The descriptive statistics show that a selected group of medium-sized firms has outperformed the other Italian multinationals in terms of growth rate. The evidence is consistent with the hypothesis of the emergence in Italy of the so-called "fourth capitalism", as an alternative successful model to both the industrial districts and the large chandlerian corporations. Some limits of this structural evolution are also discussed. Keywords: foreign direct investments (FDIs), Italian multinational firms Parole chiave: investimenti diretti esteri (IDE), imprese multinazionali italiane Jel Classification: F23
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