We characterize how the size distribution of plants, within narrowly defined industries, changed in Italy over a ten-year time span, and relate this to the stock of civic capital at the provincial level. Data on plant size come from the 1991 and 2001 Italian censuses. Civic capital turns out to...

This paper shows that logarithmic transformation of the number of employees in an organization is nothing other than an approximation of the number of levels of hierarchy in that organization. Since the log of the number of employees has been used extensively in the literature as a measure of...

We show that the distribution of plant size within narrowly defined industries is affected by the variation in the stock of civic capital that occurs at the provincial level. Data on plant size come from the 2001 Italian Census of Manufacturing and Services. Civic capital turns out to have a...

We show that the distribution of plant size within narrowly defined industries is affected by the variation in the stock of civic capital that occurs at the provincial level. Data on plant size come from the 2001 Italian Census of Manufacturing and Services. Civic capital turns out to have a...

In the recent literature on corporate governance (CG), the dominant view is that the underlying problem is simple. Managers of Enron in the US or Parmalat in Italy were simply unethical, corrupt or both. They all knew what should have been the right behavior. The rules of CG were good, but the...