Saul Estrin
Datos Biográficos
| ID | 1006091 |
|---|---|
| NOMBRE | Saul Estrin |
| NOMBRES | Saul |
| APELLIDO | Estrin |
| FIRMA | ESTRIN S |
| AFILIACIONES | London School of Economics and Political Science |
| ORCID | 0000-0002-3447-8593 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 47 |
| TOTAL DE CITAS | 88 |
| TOTAL COMO AUTOR | 45 |
| TOTAL COMO EDITOR | 4 |
| PRIMER AÑO DE PUBLICACIÓN | 1977 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 6 |
Realizing expectations? High-impact entrepreneurship across countries
Comparative international entrepreneurship research has often used measures of high-growth expectations entrepreneurship to proxy for the construct of high-impact entrepreneurship. We revisit this practice by assessing the cross-country association between high-growth expectations and realized high-impact entrepreneurship to speak to construct measurement fit. We find that expectations are not a good proxy for realizations; they are associated wi…
New venture creation
We present a Schumpeterian model of new venture creation, under uncertainty, which explains the tradeoff between speed-to-breakeven and revenue-at-breakeven and relates this to the level of innovation. We then explore the tradeoffs between these outcomes empirically in a sample of 331 information and communication technology (ICT) ventures using a multi-input, multi-output stochastic frontier model. We estimate the contribution of financial capit…
Integrating host-country political heterogeneity into MNE–state bargaining
The international business (IB) literature has emphasised the heterogeneity of firm strategies in shaping MNE–state bargaining, but largely ignored the heterogeneity of states. In contrast, the international political economy (IPE) literature provides a more nuanced consideration of state strategies and their economic and political priorities. We seek to address this oversight by making two related contributions. In the context of MNE–state barga…
The cousin marriage tradition and performance of businesses during the economic crises in Nigeria
Collected Works of Domenico Mario Nuti, Volume II
Multinationals, innovation, and institutional context
We characterize the knowledge production process whereby the inventive capabilities of the firm generate innovation output in highly inventive multinational enterprises (MNEs). We explore the sensitivity of this relationship to the strength of intellectual property rights (IPR) protection across the MNEs R&D subsidiaries. We argue that MNE innovative performance will be enhanced when the firm’s R&D activities are based in locations where IPR prot…
Contemporary radical reflections on the principles of economics – Special issue in memory of Mario Nuti
This paper, and the Special Issue that it introduces, is written in the memory of Professor Domenico Mario Nuti who passed away in December 2020. 1 We decided that in remembering Mario, we would want to put a greater emphasis on the critique and limitations of modern economics. In devising this Special Issue, we therefore decided to approach individuals who have spent a great deal of their research life questioning certain aspects of modern econo…
The life and works of Domenico Mario Nuti, 1937–2020
It is challenging to provide an encompassing portrait of Mario Nuti's life and works: he was an exceptional man, who made significant intellectual contributions across a wide range of fields, as well as inspiring generations of students, colleagues and the profession in general, for more than fifty years. A brilliant debater and controversialist, he was equally at home in economic theory and in giving policy advice, and over the decades he had ma…
The Effect on Foreign Direct Investment of Membership in the European Union
This article explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost every country in the world from 1985 to 2018, we find EU membership leads to about 60 per cent higher FDI investment into the host economy from outside th…
Amos Witztum, The Betrayal of Liberal Economics
When Moses approached the camp and saw the calf and the dancing, his anger burned and he threw the tablets out of his hands, breaking them to pieces at the foot of the mountain. And he took the calf the people had made and burned it in the fire; then he ground it to powder, scattered it on the water and made the Israelites drink it. (Exodus, 32, 19 & 20) Amos Witztum faces a problem parallel to Moses’ in the Old Testament, perhaps made even more …
Entrepreneurship, institutional economics, and economic growth
We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions, in combination in an ecosystem, can be viewed as a “missing link” in an aggregate production function analysis of cross-country differences in economic growth. To do this, we build on the concept of National Systems of Entrepren…
The evolution and adoption of equity crowdfunding
Equity crowdfunding (ECF) offers entrepreneurs an online social media marketplace where they can access numerous potential investors who, in exchange for an ownership stake, may supply them with finance. In this paper, we describe the evolution of this market in the UK. Using an inductive qualitative longitudinal research design, we analyse the emerging views of entrepreneurs and investors towards ECF. Our interviewees include large and small-sca…
Prospect theory and the effects of bankruptcy laws on entrepreneurial aspirations
We apply prospect theory to explain how personal and corporate bankruptcy laws affect risk perceptions of entrepreneurs at time of entry and therefore their growth ambitions. Previous theories have reached ambiguous conclusions as to whether countries with more debtor-friendly bankruptcy laws (i.e. laws that are more forgiving towards debtors in bankruptcy proceedings) are likely to have more entrepreneurs, or whether, creditor-friendly regimes h…
Foreign direct investment via M&A and domestic entrepreneurship
Human capital in social and commercial entrepreneurship
We advance research on human capital and entrepreneurial entry and posit that, in order to generate value, social entrepreneurship requires different configurations of human capital than commercial entrepreneurship. We develop a multilevel framework to analyse the commonalities and differences between social and commercial entrepreneurship, including the impact of general and specific human capital, of national context and its moderating effect o…
Entrepreneurship, Social Capital, and Institutions
We model and test the relationship between social and commercial entrepreneurship drawing on social capital theory. We propose that the country prevalence rate of social entrepreneurship is an indicator of constructible nation–level social capital and enhances the likelihood of individual commercial entry. We further posit that both social and commercial entrepreneurial entry is facilitated by certain formal institutions, namely strong property r…
Which institutions encourage entrepreneurial growth aspirations?
Institutional Determinants of New Firm Entry in Russia
We investigate how the regional institutional environment—in particular, the political environment—affects Russian new firm entry across regions, industries, firm size classes, and time. We find that entry rates in Russia are explained by natural entry rates and the institutional environment. Industries that are characterized by low entry barriers in developed market economies are found to have lower entry rates in regions subject to greater poli…
Size matters
Institutions and female entrepreneurship
Introduction to special issue of Small Business Economics on female entrepreneurship in developed and developing economies
Institutions, resources, and entry strategies in emerging economies
We investigate the impact of market‐supporting institutions on business strategies by analyzing the entry strategies of foreign investors entering emerging economies. We apply and advance the institution‐based view of strategy by integrating it with resource‐based considerations. In particular, we show how resource‐seeking strategies are pursued using different entry modes in different institutional contexts. Alternative modes of entry—greenfield…
Institutions and entrepreneurship development in Russia
How transition paths differ
Employment Determination in Enterprises under Communism and in Transition
The authors present a comparative analysis of employment determination in four transition economies as they moved from central planning to a market economy in the early 1990s. They use firm-level panel data sets from the Czech Republic, Hungary, Poland, and Slovakia to estimate dynamic employment equations for the period from immediately before to immediately after the start of transition. For the most part, firms appear to have been quick to adj…
Competition and Corporate Governance in Transition
This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, the paper concludes that there is a clear distinction in effectiveness of policies followed and their impact between Central Europe and CIS countries. This diverge…
Labor-Managed Cooperatives and Private Firms in North Central Italy
The authors analyze the differences between the behavior of private firms and that of producer cooperatives in a matched sample of the two organizational types from the regions of Emilia Romagna and Toscana in North-Central Italy, where producer cooperatives are numerous. Individual firm-level surveys provide new detailed comparative data on key issues such as investment, productivity, wages, employment, and industrial relations. Differences betw…
The Viability of Employee-Owned Firms
This study examines data on French producer cooperatives for the years 1970–79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not members of the cooperative firm increases. Contrary to this prediction, the authors find a high rate of survival among the producer cooperatives studied, with many coo…
Self-Management
The subject of self-management - of companies in which the decisions are made by the work force rather than by the managers or owners - has long been of interest both to economists and to a wider audience. In this 1984 book Saul Estrin offers a comprehensive survey of how workers’ self-management has influenced industrial structure and the allocation of resources in Yugoslavia, where a system of this type has operated since the 1950s. The book wi…
Yugoslavia
For many years the Yugoslav economic system appeared to offer a middle way between capitalism and Soviet central planning. The Yugoslavs' brand of market socialism placed reliance on markets to guide both domestic and international production and exchange, with the socialist element coming from the "social ownership" and workers' self-management of enterprises. The system seemed successful until the late 1970s. However, in recent years, many of t…
French Planning in Theory and Practice
Journal Article French Planning in Theory and Practice Get access French Planning in Theory and Practice. By SAUL ESTRIN and PETER HOLMES. (London: George Allen & Unwin, 1983. Pp. viii + 210. £15.00.) Paul G. Hare Paul G. Hare University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 371, 1 September 1983, Pages 662–663, https://doi.org/10.2307/2232414 Published: 01 Sept…
The Yugoslav Economic System. The First Labor-Managed Economy in the Making
Journal Article The Yugoslav Economic System. The first Labor-Managed Economy in the Making Get access The Yugoslav Economic System. The first Labor-Managed Economy in the Making. By B. HORVAT. (White Plains: International Arts and Sciences Press, 1977. Pp. x + 286. $20.00.) Saul Estrin Saul Estrin University of Southampton Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 87, Issue 348, 1 Decem…
Employment Determination in Enterprises under Communism and in Transition
The authors present a comparative analysis of employment determination in four transition economies as they moved from central planning to a market economy in the early 1990s. They use firm-level panel data sets from the Czech Republic, Hungary, Poland, and Slovakia to estimate dynamic employment equations for the period from immediately before to immediately after the start of transition. For the most part, firms appear to have been quick to adj…
Measuring Progress in Transition and Towards EU Accession
This article provides new evidence on progress in transition and the ‘readiness’ for accession of enterprises in two EU applicant countries. A major innovation is to benchmark them against Spain. Approximately 200 manufacturing firms were surveyed in each of Poland, Romania and Spain. Newly‐established private firms in both Poland and Romania are found to be growing the fastest, but on measures of integration and investment, it is new and privati…
The Effect on Foreign Direct Investment of Membership in the European Union
This article explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost every country in the world from 1985 to 2018, we find EU membership leads to about 60 per cent higher FDI investment into the host economy from outside th…
Banking in transition
STUDIES OF THE PROCESS of transition from plan to market emphasise the central importance of establishing a competitive capital market, and in particular an independent commercial banking system (see e.g. Fischer & Gelb (1990), McKinnon (1991)). In this paper we offer a detailed study of the development of the commercial banking system in the country where reforms in this area are most advanced, Hungary. We find that considerable progress has bee…
Privatization in Central and Eastern Europe
The effects of self‐management on Yugoslav industrial growth
MAJOR reforms in 1965 effectively transformed the Yugoslav economic system from decentralised planning to a regulated market, and increased the decision-making autonomy of enterprises which had been nominally self-managed since 1952. There was a break in the pattern of development around the time of these reforms (see Sapir (1980)), but this has been widely regarded as a consequence of the new market system. The additional implications of effecti…
The cousin marriage tradition and performance of businesses during the economic crises in Nigeria
How transition paths differ
Income Sharing, Employee Ownership and Worker Democracy
The Yugoslav Economic System. The First Labor-Managed Economy in the Making
Journal Article The Yugoslav Economic System. The first Labor-Managed Economy in the Making Get access The Yugoslav Economic System. The first Labor-Managed Economy in the Making. By B. HORVAT. (White Plains: International Arts and Sciences Press, 1977. Pp. x + 286. $20.00.) Saul Estrin Saul Estrin University of Southampton Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 87, Issue 348, 1 Decem…
Income Dispersion in a Self-Managed Economy
An important conclusion from the analysis of self-managed economies is that income dispersion between and within sectors would significantly widen as a consequence of introducing such a system. This paper examines whether the Yugoslav experience after the reforms of 1961 and 1965, which introduced market self-management, conformed to these expectations. It outlines the changes in inter-sectoral income dispersion over the period 1956-1975, with ad…
The effects of self‐management on Yugoslav industrial growth
MAJOR reforms in 1965 effectively transformed the Yugoslav economic system from decentralised planning to a regulated market, and increased the decision-making autonomy of enterprises which had been nominally self-managed since 1952. There was a break in the pattern of development around the time of these reforms (see Sapir (1980)), but this has been widely regarded as a consequence of the new market system. The additional implications of effecti…
French Planning and Industrial Policy
This paper deals with the contribution of economic planning to French industrial policy and performance. This was highly significant until the mid 1960s but declined thereafter due to a combination of economic and political factors. The inherent problems of across-the-board regulation in a complex industrial economy reinforced the displacement of the planners from the traditional French elite. In the late 1970s, planning had begun again to provid…
French Planning in Theory and Practice
Journal Article French Planning in Theory and Practice Get access French Planning in Theory and Practice. By SAUL ESTRIN and PETER HOLMES. (London: George Allen & Unwin, 1983. Pp. viii + 210. £15.00.) Paul G. Hare Paul G. Hare University of Stirling Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 371, 1 September 1983, Pages 662–663, https://doi.org/10.2307/2232414 Published: 01 Sept…
French planning in theory and practice
Self-Management
The subject of self-management - of companies in which the decisions are made by the work force rather than by the managers or owners - has long been of interest both to economists and to a wider audience. In this 1984 book Saul Estrin offers a comprehensive survey of how workers’ self-management has influenced industrial structure and the allocation of resources in Yugoslavia, where a system of this type has operated since the 1950s. The book wi…
The Share Economy
Collectivisation, Convergence and Capitalism
Yugoslav Socialism
Income Sharing, Employee Ownership and Worker Democracy
Privatization in Central and Eastern Europe
Yugoslavia
For many years the Yugoslav economic system appeared to offer a middle way between capitalism and Soviet central planning. The Yugoslavs' brand of market socialism placed reliance on markets to guide both domestic and international production and exchange, with the socialist element coming from the "social ownership" and workers' self-management of enterprises. The system seemed successful until the late 1970s. However, in recent years, many of t…
Banking in transition
STUDIES OF THE PROCESS of transition from plan to market emphasise the central importance of establishing a competitive capital market, and in particular an independent commercial banking system (see e.g. Fischer & Gelb (1990), McKinnon (1991)). In this paper we offer a detailed study of the development of the commercial banking system in the country where reforms in this area are most advanced, Hungary. We find that considerable progress has bee…
The Viability of Employee-Owned Firms
This study examines data on French producer cooperatives for the years 1970–79 to test the widely accepted theoretical prediction that employee-owned firms either will fail as commercial undertakings or degenerate into capitalist firms as the proportion of hired workers who are not members of the cooperative firm increases. Contrary to this prediction, the authors find a high rate of survival among the producer cooperatives studied, with many coo…
Labor-Managed Cooperatives and Private Firms in North Central Italy
The authors analyze the differences between the behavior of private firms and that of producer cooperatives in a matched sample of the two organizational types from the regions of Emilia Romagna and Toscana in North-Central Italy, where producer cooperatives are numerous. Individual firm-level surveys provide new detailed comparative data on key issues such as investment, productivity, wages, employment, and industrial relations. Differences betw…
Restructuration industrielle et ajustement microéconomique en Pologne. Une approche intersectorielle
Industrial restructuring and microeconomics adjustment in Poland. A cross sectoral approach. The paper analyses the impact of the Polish stabilisation programme on the behaviour of state owned firms by summarising and evaluating three case studies of firms. The authors outline a framework to analyse whether firms have adjusted differently according to differences in their market power, financial status, exposure to trade and international compara…
Essential Readings in Economics
Intellectual advances in economics often come from debates that have been long forgotten but which offer context, depth and clarity to contemporary study. Essential Readings in Economics makes availab
Essential readings in economics
Readings are organized in two groups: microeconomics and macroeconomics. Part I looks at topics ranging from "the theory of demand" and "the firm and supply" to the economics of uncertainty and information. Part II, the wide-ranging debates since the publication of The General Theory are illustrated by contributions from Keynes, Friedman, Solow, Lucas and other leading economists
Measuring Progress in Transition and Towards EU Accession
This article provides new evidence on progress in transition and the ‘readiness’ for accession of enterprises in two EU applicant countries. A major innovation is to benchmark them against Spain. Approximately 200 manufacturing firms were surveyed in each of Poland, Romania and Spain. Newly‐established private firms in both Poland and Romania are found to be growing the fastest, but on measures of integration and investment, it is new and privati…
Competition and Corporate Governance in Transition
This paper examines the elements of institutional development critical to the enhancement of company performance in transition economies. This includes initial conditions, forms of privatization, institutional frameworks and the competitiveness of markets. Comparing empirical evidence, the paper concludes that there is a clear distinction in effectiveness of policies followed and their impact between Central Europe and CIS countries. This diverge…
Investment Strategies in Emerging Markets
1. Investment Strategies in Emerging Markets: An Introduction 2. Foreign Direct Investment in Egypt, India, South Africa and Vietnam: Comparative Empirical Results 3. Foreign Direct Investment in Egypt 4. Egyptian Case Studies 5. Foreign Direct Investment in India 6. Indian Case Studies 7. Foreign Direct Investment in South Africa 8. South African Case Studies 9. Foreign Direct Investment in Vietnam 10. Vietnam Case Studies 11. Conclusions for Ma…
The determinants of foreign direct investment into European transition economies
Investment Strategies in Emerging Markets
Employment Determination in Enterprises under Communism and in Transition
The authors present a comparative analysis of employment determination in four transition economies as they moved from central planning to a market economy in the early 1990s. They use firm-level panel data sets from the Czech Republic, Hungary, Poland, and Slovakia to estimate dynamic employment equations for the period from immediately before to immediately after the start of transition. For the most part, firms appear to have been quick to adj…
Economics (42 obras) · Business (31 obras) · Political science (21 obras) · Entrepreneurship (13 obras) · Economic system (12 obras) · Finance (12 obras) · Corporate Finance and Governance (11 obras) · Entrepreneurship Studies and Influences (11 obras) · Industrial organization (11 obras) · Finance (9 obras)