Template-type: ReDIF-Article 1.0 Author-Name: Comitato di Redazione Title: Editoriale Abstract: Classification-JEL: Keywords: Note: Pages:5-6 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69537&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043001 Number: 1 Template-type: ReDIF-Article 1.0 Author-Name: Edoardo Altamura Title: Una banca controcorrente? Il caso della Lloyds Bank tra globalizzazione e localizzazione Abstract: In January 1998, The Economist crowned the British bank Lloyds as the ?most valuable bank? in the world, calling it a ?money machine?. Such an accomplish-ment was far from inevitable for a bank that had been one of the hardest-hit cas-ualties of the sovereign debt crisis of 1982 when more than twenty-five countries found themselves unable to repay their accumulated debts. Having expanded excessively in the developing world, especially Latin America, in the 1970s, it took Lloyds more than a decade even to return to profitability. Its achievement was the result of a complete overhaul of Lloyds?s business model and management. Inter-national subsidiaries and lending were cast aside, as was investment banking, as the bank concentrated its activities on domestic banking under the chairmanship of Sir Brian Pitman. This paper will briefly analyze Lloyds history in the early twentieth century, the reasons behind its transformation from a domestic bank to an international powerhouse in the 1970s and, then, the reverse process in the 1980s and 1990s. Through the extensive use of recently disclosed archival records the paper will shed new light on several theoretically compelling questions, notably on how risk is calculated, how innovative decisions are taken by established insti-tutions in a context of crisis and on the role of managers in shaping and changing the culture of these institutions. Classification-JEL: Keywords: Note: Pages:7-28 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69538&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043002 Number: 2 Template-type: ReDIF-Article 1.0 Author-Name: Enrico Berbenni Title: Multinational banking e rischi di mercato. Il caso delle banche italiane in Egitto tra le due guerre mondiali Abstract: Geoffrey Jones's study of the historical process of multinationalization of British banks (Jones, 1993) is a milestone in the debate on the banking role in the context of globalization. The approach was ?systemic? as it highlights some general trends that characterize the British banking system. However, the strategy pursued by banks is strictly dependent on the peculiarities of the various host economies and this makes it appropriate to integrate the previous method with a more attentive approach to individual national cases. In this perspective, the article focuses on the case of the Italian banking affiliations in Egypt between the two world wars, on which historiography appears incomplete. This study aims to demonstrate how the combination of pressures from Italy and the internal evolution of the Egyptian market determined, after an initial phase of relative prosperity, a sudden deterioration in the position of Italian institutions in that country. Only by considering these dynamics, internal and external to the host country, is it possible to achieve a precise understanding of the strengths and weaknesses of institutions operating on international markets. Classification-JEL: Keywords: Note: Pages:29-56 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69539&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043003 Number: 3 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=69539 Template-type: ReDIF-Article 1.0 Author-Name: Valerio Cerretano Title: Autarchia, fibre tessili artificiali e la cellulosa italiana. La creazione della SAICI e gli investimenti all?estero della Snia Viscosa, 1934-1965 Abstract: The article focuses on some of the most important investments that Snia Viscosa, the giant Italian rayon firm, began to conduct in Italy and abroad from the late 1930s. These were mostly in the production of staple fibres and cellulosic fibres and were conducted in Italy and abroad. The closing up of the domestic market by the mid-1930s gave a big incentive to those investments and allowed both the creation of a vast domestic market and the survival of the firms operating in that line of business. This article shows that, through the creation of a vast domestic market, autarky facilitated the survival and growth of that industry in Italy, alt-hough some of the innovations initiated in the 1930s came to be fully exploited only after 1945. Classification-JEL: Keywords: Note: Pages:57-79 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69540&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043004 Number: 4 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=69540 Template-type: ReDIF-Article 1.0 Author-Name: Matteo Landoni Title: Una multinazionale a partecipazione statale: trasformazione e internazionalizzazione dell?industria aerospaziale italiana (1969-2007) Abstract: In the context of the general decline of the Italian economy, the aerospace indus-try is one of the very few example of an innovative sector able to deal with the lib-eralization process that involved the state-owned enterprises. In fact, a new sys-temic firm, internationally and technologically advanced, appeared by the merger of several state-owned and private companies. This happened because of the pub-lic support that changed the model of state-ownership in favor of a demand-oriented policy centered around an intermediary institution. This paper shows the evolution of the space sector by the use of archival sources not yet fully explored. It proves the functioning of the institutional process that oriented the emergence of an innovative firm. The analysis sheds light on the role of technology, institutions, and economic inte-gration on the Italian industrial retreat. Despite the general decline of the Italian economy and its weak innovative activity, Alenia Spazio has been able to evolve into an innovative firm thanks to the Italian Space Agency demand-driven indus-trial policy. It concludes with the history of the internationalization process that led to State-owned multinational. Classification-JEL: Keywords: Note: Pages:80-103 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69541&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043005 Number: 5 X-File-Ref: http://www.francoangeli.it/Riviste/References.ashx?idArticolo=69541 Template-type: ReDIF-Article 1.0 Author-Name: Roberto Artoni Title: Un profilo di storia della politica economica italiana Abstract: Classification-JEL: Keywords: Note: Pages:105-119 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69542&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043006 Number: 6 Template-type: ReDIF-Article 1.0 Author-Name: Giuseppe Berta Title: Carli, Baffi e il cammino verso Maastricht Abstract: Classification-JEL: Keywords: Note: Pages:120-137 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69543&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043007 Number: 7 Template-type: ReDIF-Article 1.0 Author-Name: Giorgetta Bonfiglio-Dosio Author-Name: Carolina Lussana Author-Name: Lucia Nardi Author-Name: Stefania Licini Author-Name: Federico Valacchi Title: Presentazione del volume Archivi d?impresa. Archivisti, storici, heritage manager di fronte al cambiamento Abstract: Classification-JEL: Keywords: Note: Pages:139-164 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69544&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043008 Number: 8 Template-type: ReDIF-Article 1.0 Author-Name: Daniela Brignone Title: L?Archivio Storico e Museo Birra Peroni dal 1996 al 2021 Abstract: Classification-JEL: Keywords: Note: Pages:165-174 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69545&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043009 Number: 9 Template-type: ReDIF-Article 1.0 Author-Name: Anna Scudellari Title: Martini Heritage Abstract: Classification-JEL: Keywords: Note: Pages:175-188 Volume: 2021/43 Year: 2021 Issue:43 File-URL:http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=69546&Tipo=Articolo PDF File-Format: text/HTML Handle: RePEc:fan:istois:v:html10.3280/ISTO2021-043010 Number: 10