Saul Estrin is a Professor of Management and Founding Head of LSE’s Department of Management. He was formerly Adecco Professor of Business and Society at London Business School where he was the Research Director of the Centre for New and Emerging Markets and Director of the CIS Middle Europe Centre. Saul was also Deputy Dean (Faculty and Research) at London Business School for six years as well as briefly Acting Dean.
Saul’s main areas of research are emerging markets, with a particular focus on entrepreneurship and international business issues. He has published more than one hundred papers in scholarly journals as well as numerous chapters and reports. His research interests have included transition economies, notably Central Europe and China where he studied privatization and company restructuring, and the BRICs where he explored the relationship between their institutions and their growth. He has been a visiting Professor at Stanford University, Michigan Business School, Cornell University and the European University Institute. He is a Fellow of the Centre for Economic Policy Research. He is an Associate Fellow of Green Templeton College, Oxford University.
Saul also has considerable practitioner experience. He was for twelve years a non-executive director of Barings Emerging Markets and was also a member of the Academic Panel of the postal regulator, Postcomm. He has also acted as a consultant to the World Bank, EBRD, OECD, as well as a variety of companies.

Saul Estrin joined IZA as a research fellow in July 2000.



IZA Discussion Paper No. 10297

This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it is found that private ownership alone does not...

IZA Discussion Paper No. 8652

This paper introduces a new concept in addition to the traditional measures of stocks of capital, labor, human capital and knowledge, to understand the Solow Residual: National Entrepreneurial Ecosystem (NEE). The NEE construct is based on a methodology that combines institutions and human agency into an interdependent system, applying the...

IZA Discussion Paper No. 8650

Based upon unique survey data collected using respondent driven sampling methods, we investigate whether there is a gender pay gap among social entrepreneurs in the UK. We find that women as social entrepreneurs earn 29% less than their male colleagues, above the average UK gender pay gap of 19%. We...

IZA Discussion Paper No. 7796

This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic entrepreneurial entry. We use a micro-panel of more than two thousand individuals disaggregated by industry in seventy countries including both developed and developing economies, 2000-2009. The theory yields ambiguous predictions about the relationship between...

IZA Discussion Paper No. 5770
published in: Entrepreneurship and Practice, 2013, 37 (3), 479-504

We conceptualise social entrepreneurship as a source of social capital which, when present in the environment, enhances commercial entrepreneurship. We also argue that social entrepreneurship should be recognised as a second form of Baumol's (1990) productive entrepreneurship and that it will therefore compete at the individual level for resources with...

IZA Discussion Paper No. 5504
Randolph Luca Bruno, Maria Bytchkova, Saul Estrin
published as 'Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis' in: Review of Economics and Statistics, 2013, 95(5), 1740-1749

We analyse a micro-panel data set to investigate the effect of regional institutional environment and economic factors on Russian new firm entry rates across time, industries and regions. The paper builds on novel databases and exploits inter-regional variation in a large number of institutional variables. We find entry rates across...

IZA Discussion Paper No. 5481
published in: Journal of Business Venturing, 2013, 28 (4), 564–580

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow...

IZA Discussion Paper No. 5243

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe unavoidability. Second, we argue...

IZA Discussion Paper No. 5053
published in: Review of Development Economics, 2012, 16 (4), 559-578

We analyze theoretically and empirically the impact of the shadow economy on entrepreneurial entry, utilising 1998-2005 individual-level Global Entrepreneurship Monitor data merged with macro level variables. A simple correlation coefficient suggests a positive linear link between the size of the shadow economy and entrepreneurial entry. However, this masks more complex...

IZA Discussion Paper No. 5052
published in: Small Business Economics, 2012, 39 (1), 119-139

We explore the country-specific institutional characteristics likely to influence an individual's decision to become an entrepreneur. We focus on the size of the government, on freedom from corruption, and on 'market freedom' defined as a cluster of variables related to protection of property rights and regulation. We test these relationships...