727. What Makes a Successful Entrepreneur? Historical Evidence from Italy (XIX-XX Centuries)

Working paper N. 727 Gennaio 2014

Alessandro Nuvolari

Sant’Anna School of Advanced Studies, Pisa

Pier Angelo Toninelli

University of Milano-Bicocca

Michelangelo Vasta

Department of Economics and Statistics, University of Siena

Abstract

In this paper we employ a “quantitative” prosopographical approach to study the nature and the determinants of entrepreneurial success. Our main source is the “Biographical Dictionary of Italian Entrepreneurs”  which contains very detailed information on 608 major Italian entrepreneurs active over more than two centuries. Our findings indicate the multidimensional nature of entrepreneurial success, comprising both a strictly economic and a “celebrity” dimension. Concerning the determinants of success, our findings point to the “political” nature of Italian capitalism. 

Jel Codes

N73-74; N83-84; L26