Job Title and Responsibilities
Professor of Economics,
Director, Centre for Research on Emerging Economies (CREE)
Member, Research Degree Committee, Business School
Coordinator, OSF-Staffordshire University MSc and PhD scholarship programme
Coordinator, Tempus Project ‘Entrepreneurship and Local Economic Development in Albania, Kosovo and Macedonia’
I completed my undergraduate education in Petroleum Refinery Engineering in Iran (Abadan Institute of Technology), Masters’ studies in the United States (University of Maryland) and Doctoral studies in the UK (University of Keele). I had already taught economics at Simon Fraser University (Canada), Tehran Business School (Iran) and University of Keele when I started my teaching career at the University in 1978 as a Lecturer in Economics (the institution was called North Staffordshire Polytechnic at that time). My area of specialization has always been microeconomics, industrial economics and, since the early 1990s, economics of transition.
I have been the Senior Award Tutor for the undergraduate economics programme, post-graduate economics programme and, most recently, the Research Degree Programme (MPhil and PhD) at the Business School. I have also coordinated the School’s Erasmus, Socrates and Tempus programmes and its activities in Central and Eastern Europe. In addition to my teaching, research and course management responsibilities at the University, I have been actively involved in research, teaching and consultancy in transition economies of Central and Eastern Europe since 1992, and have worked with universities and research and consultancy institutions in Albania, Bosnia-Herzegovina, Croatia, Czech Republic, Kosovo, Macedonia, Poland and Russia on a range of projects dealing with challenges of transition in these countries. These projects have been funded by the European Commission, World Bank and other national and international agencies.
My name is sometimes spelt as Iraj Hoshi (as on my books)!
PhD (Economics), University of Keele, 1980
MA (Economics), University of Maryland, USA, 1970
BSc (Engineering), 1st class, Abadan Institute of Technology, Iran, 1967
Areas of specialisation: the behaviour of firms in transition from central planning to a market economy; privatisation and restructuring; bankruptcy and reorganisation; privatisation and corporate governance; the reform of utilities; the development of financial intermediation and institution building; industrial competitiveness; innovation and competitiveness; SME development and policies; employee ownership; and employee financial participation.
Countries of specialisation: Albania, Croatia, Kosovo, Macedonia, the Czech Republic and Poland.
Enterprise and Commercial Activities
My main Enterprise activity has been the development of Tempus and Erasmus/Socrates programmes, and the MSc/PhD scholarship programme in the Business School.
The Socrates/Erasmus programmes have developed over the years and been the vehicle of cooperation and students/staff exchange with universities in many European Community countries such as Belgium, the Czech Republic, France, Germany, Italy and Spain. Tempus projects have developed our links with institutions in former socialist countries in particular Albania, Croatia, the Czech Republic, Kosovo, Macedonia and Poland. Over the years, a large number of academics and students from these countries have completed periods of study at Staffordshire. I have been the Coordinator of 10 Tempus projects and a partner in several others. These are listed below:
|Project No.||Title of Project||Country|
|JEP 09816-95||Business Administration Programme in Albania||Albania|
|S_JEP 12157-97||Applied Statistics and Economics Programme in Tirana||Albania|
|AC_JEP – 14066-1999||Training Program in European Integration for Civil Servants||Macedonia|
|AC_JEP 14356-1999||Public Administration and Financial Management||Albania|
|CD_JEP 15099-2000||Development of Economics and Business Education in Split||Croatia|
|CD_JEP 17024-2002||Masters Degree in European Integration in Croatia||Croatia|
|CD_JEP 16055-2002||Developing Business and Economics Curricula in University of Prishtina||Kosovo|
|CD_JEP 19103-2004||Business and Economics Education in State University of Tetovo||Macedonia
|CD_JEP 40031-2005||Development of Masters and PhD Programmes in Economics and Business in Kosovo||Kosovo|
|145061-TEMPUS-2008-UK-JPHES||Entrepreneurship and Local Economic Development in Albania, Kosovo and Macedonia||Albania, Kosovo
The budgets of these projects have ranged from about 500,000 to 1.1 million Euros.
The MSc/PhD scholarship programme has been supported by the Open Society Foundation (a part of Soros Foundation) as well as the European Commission’s Tempus and Erasmus Mundus schemes (and until recently the UK Government’s Chevening Programme). It has provided scholarships for around 150 graduates from South East European countries to complete Masters and PhDs in Economics.
My research interests are closely related to the process of transition in Central and Eastern Europe and the challenges faced by these countries in the process of developing a market economy. My areas of interests are: enterprise behaviour during the transition process, privatisation, corporate governance, bankruptcy and reorganisation, SMEs and entrepreneurship, competitiveness at firm and industry level, innovation and technical change and employee financial participation.
Competitiveness of Firms, Regions and Industries in the Knowledge-based Economy (Microdyn); European Commission’s Framework VI Programme; 2007- present (with 17 partner institutions)
Industrial Competitiveness in Accession Countries (Competitiveness); European Commission’s Framework V Programme, 2002-2006 (with ten partner institutions); resulting in the book on Industrial Competitiveness and Restructuring (see publications)
Improving the Corporate Governance Framework in Publicly Owned Enterprises and Financial Institutions in Kosovo, Center for International Private Enterprise, Washington D.C.; 2007-2009
Benchmarking Financial Participation of Employees in the European Union and Candidate Countries; European Commission DG Employment, 2008-2009; resulting in PEPPER IV Report for the Commission (see publications)
Secondary Privatisation in Transition Economies, European Commission’s PHARE ACE Programme, 2000-2003 (with 3 partner institutions); resulting in the book on Secondary Privatisation (see publications)
PhD students’ research projects
In addition to individual and collaborative research projects, I have also supervised MPhil and PhD students to completion in the following areas:
The Causes and Consequences of Corporate Restructuring in Albania (Dr. Lindita Lati, 2001)
Financial Intermediation in Transition Economies with Special Reference to Albania (Dr. Erjon Luci, 2002)
Privatisation in Albania (Dr. Entela Shehaj, 2006)
International Trade and the Small Firm Sector in south Eastern Europe, with Special Reference to Kosovo (Dr. Petrit Gashi, 2007)
The Psychographic Segmentation of Russian Consumers (Dr. Maria Mukhina, 2008)
Financial Development in Transition Economies with Special Reference to South-East Europe and Kosova (Dr. Valentin Toci, 2008)
Determinants of SME Growth in Transition Economies with Special Reference to Kosovo (Dr. Besnik Kransniqi, 2010)
Competitiveness, Restructuring and Firm Behaviour in Transition: The Case of Croatia (Nebojsa Stojcic, 2011)
Industrial Restructuring and Competitiveness in Transition Economies with Special Reference to Bosnia and Herzegovina (Sabina Silajdzic, 2011)
Ownership Evolution and Performance in Privatised Firms -The Case of Macedonia (Hyrije Abazi, 2013)
Porter's model of generic competitive strategies: A study of three industries in Albania (MPhil) (Orges Ormanidhi, 2007)
Unofficial Economy in Albania (MPhil) (Katerina Shuteriqi, 2007)
I am Director of the Centre for Research on Emerging Economies (CREE) and Co-Director of the Centre for Applied Business Research (CABR) in the Business School.
I have been external examiner for PhD students at: University of Bristol, University College London, University of Lincoln; Napier University and University of West of England.
Balcerowicz, Leszek, Gray, Cheryl and Hoshi, Iraj, Enterprise Exit Processes in Transition Economies: Downsizing, Workouts, and Liquidation, Central European University Press, Budapest, 1998.
Hoshi, Iraj, Balcerowicz, Ewa and Balcerowicz, Leszek, Barriers to Entry and Growth of New Firms in Early Transition, Kluwer Academic Publishers, Boston, 2002.
Blaszczyk, Barbara, Hoshi, Iraj and Woodward, Richard, Secondary Privatization in Transition Economies: Evolution of Ownership in Mass Privatised Companies in Poland, Slovenia and the Czech Republic, Palgrave 2003.
Hoshi, Iraj, Welfens, Paul and Wziatek-Kubiak, Anna, Industrial Competitiveness and Restructuring in Enlarged Europe, Palgrave, 2007.
Hashi, Iraj, Lowitszch, Jens, and Woodward, Richard, PEPPER IV: Benchmarking Financial Participation in EU Countries, Free University of Berlin, 2008.
Pavic, Ivan, Benic, Duro and Hashi, Iraj, Mikroekonomija (Microeconomics, in Croatia), University of Split Publications, third edition, 2010.
Lowitzsch, Jens and Hashi, Iraj, Employee Financial Participation in Public Services in the European Union, a Report for the European Association of Employers and Enterprises Providing Public Services (CEEP), Brussels, 2012.
Lowitzsch, Jens and Hashi, Iraj, Employee Financial Participation in Companies’ Proceeds, a Study for the European Parliament (DG Internal Policies), 2012.
ii. Recent articles in refereed journals, chapters in books and working papers
Mass Privatisation and Corporate Governance in the Czech Republic, Economic Analysis, Vol. 1, No.2, 1988, pp.163-187.
The Disintegration of Yugoslavia: Regional Disparities and the Nationalities Question, Capital and Class, No. 48, October 1992. Also, reprinted as Regional Polarization in Post-war Yugoslavia and the Impact of Regional Policies, in R. Ali and L. Lifschultz (eds.), Why Bosnia (The Pamphleteers’ Press, Stoney Creek, Conn., 1993), pp.300-330.
The Polish Privatisation Process and the Prospects for Employee-Owned Enterprises, European Business and Economic Development, Vol.1, Part 4, January 1993.
Voucher Privatisation, Investment Funds and Corporate Governance in Czechoslovakia, British Review of Economic Issues, Vol. 15, Number 37, October 1993, pp. 67-95 (with Jan Mladek).
Enterprise Behaviour in Transitional Economies, Prague Economic Papers, December 1993, pp 331-345 (with Mehrdad Emadi-Moghadam). Also translated into Czech and published as “Chovani podniku v tranformujici se ekonomice”, Politicka Ekonomie, Rocnik XLI, No.6, 1993.
Bankruptcy Laws in Developed Market Economies as Models for Economies in Transition, Seminar Bulletin V111: Bankruptcy Regulations in the Slovak Republic, Centre for Economic Development, Bratislava, October, 1995. Also translated in Slovak and published in Regulacia Bankrotov v Solvenskej Republike 11, October 1995.)
The Process of Exit in the Czech Republic 1990-1994: The Nature and Extent of Formal and Informal Exit Mechanisms, Studies and Analyses, No.75, Centre for Social and Economic Research, Warsaw, April 1996 (with Jan Mladek and Alison Sinclair).
Managerial Behaviour and Supply of Shares in Czech Voucher Privatisation Programme, MOCT-MOST, Vol. 6, 1996, pp. 103-121 (With Alison Sinclair).
The Economics of Bankruptcy, Reorganisation and Liquidation: Lessons for East European Transitional Economies, Russian and East European Finance and Trade, Vol.33, No.4, 1997, pp.6-34.
Privatisation and Transition in Albania, Post-Communist Economies, Vol.11, No.1, 1999, pp. 99-125 (with Lindita Xhillari).
The Polish National Investment Fund Programme: Mass Privatisation With a Difference?, Comparative Economic Studies, XLII, No. 1, Spring 2000, pp. 87-134.
Fiscal and Regulatory Impediments to the Entry of New Firms: A Comparative Analysis of Five Transition Economies, Journal of East-West Business, 6, No. 2, 2000: 59-94.
Financial and Institutional Barriers to SME Growth in Albania: Results of an Enterprise Survey, MOCT-MOST, 11, No. 3, 2001: 221-238.
The International Experience of Privatisation and Lessons for Kosova, Staffordshire University Business School Division of Economics Working Paper No. 2001.12, December 2001.
Employee Ownership and Enterprise Behaviour: Evidence from Poland’s Privatisation by Liquidation, Russian and East European Finance and Trade, Vol. 34, No.2, 1998. Also reprinted in C. S. Leonard, Microeconomic Change in Central and East Europe, Palgrave Macmillan, 2002, pp. 204-232.
The Restructuring and Privatisation of Utilities and Large Companies in Kosova, paper presented at the ‘International Conference on the Privatization of SOEs and the Reform of Utilities in Kosova’, Prishtina, June 27-29, 2002.
Mass Privatisation, Corporate Governance and Endogenous Ownership Structure, William Davidson Institute Working Paper No. 596, July 2003 (with Irena Grosfeld), also published as: Mass Privatization, Corporate Governance and Endogenous Ownership Structure, ICFAI Journal of Management Research, 3 (3), March 2004: pp. 21-45. ISSN 0972-5342
The Legal Framework for Effective Corporate Governance: Comparative Analysis of Provisions in Selected Transition Economies, Studies and Analyses No. 268, December 2003, Center for Social and Economic Research (CASE Foundation), Warsaw.
The Emergence of Large Shareholders in Mass Privatized Firms: Evidence from Poland and Czech Republic, William Davidson Institute Working Paper No. 718, August 2004.
The Development of Insolvency Procedures in Transition Economies: A Comparative Analysis, in J. Lowitzsch (ed) Das Insolvenzrecht Mittel-und Osteuropas, Berliner Wissenschafts- verlag, Berlin, 2004 (with E. Balcerowicz, J. Lowitzsch, M. Szanyi).
The Legal Basis of Corporate Governance: A Comparative Analysis of Post-Socialist Countries’ Experience, Problemy teorii I praktiki upravleniya (Theoretical and Practical Aspects of Management), No. 3, 2004, pp.48-57 (in Russian).
Can Government Policy Influence Industrial Competitiveness: Evidence from Poland and the Czech Republic, Zagreb International Review of Economics and Business, VIII (2), November 2005; pp. 1-22 (with D. Hajdukovic and E. Luci).
The comparative analysis of state aid in Poland, Hungary and the Czech Republic prior to accession, International Journal of Economic Research, 3 (1), 2006: pp. 17-38 (with E. Balcerowicz).
An Overview of Employee Financial Participation, in J. Lowitzsch (ed.), The PEPPER III Report: Promotion of Employee Participation in Profits and Enterprise Results in the New Member and Candidate Countries of the European Union, European Foundation for the Improvement of Living and Working Conditions, Dublin, 2006.
Changes in Ownership Concentration in Mass Privatised Firms, Corporate Governance: An International Review, 15 (4) July 2007; pp. 429-543 (with Irena Grosfeld).
The Evolution of Ownership Structure, Path Dependency and Enterprise Performance Using Dynamic Panel Data Models, Corporate Ownership and Control, 5(1), Fall 2007: 166-178 (with Entela Shehaj).
Entrepreneurship and SME Growth: Evidence from Advanced and Laggard Transition Economies, Centre for Research on Emerging Economies Working Paper, January 2008 (with B. Krasniqi).
The Implementation of The European Commission’s Merger Regulation 2004: An Empirical Analysis, Journal of Competition Law and Economics, 4 (3) September 2008: 791-809 (with B.M. Fernandez and Marc Jegers).
Post-Privatization in Kosovo: An Assessment of Privatization of Socially Owned Enterprises, Report published by Riinvest Institute for Development Research, Prishtina, 2008 (with other contributors)
Benchmarking and Financial Participation in the EU, in J. Lowitzsch (ed), Financial Participation of Employees in the EU-27, Palgrave Macmillan, Basingstoke, 2009 (with Jens Lowitzsch and Rick Woodward).
The Corporate Governance Framework in Financial Institutions in Kosovo, Report published by Riinvest Institute for Development Research, Prishtina, 2009 (with other contributors)
Privatization of POEs in Kosovo, Report published by Riinvest Institute for Development Research, Prishtina, 2009 (with other contributors)
Financing Constraints, Credit, Rationing, and Financing Obstacles: Evidence From firm Level Data in South Eastern Europe, Business and Economic Review, 12 (1), 2010:29-59 (with V.Z. Toci).
The Law and Finance Nexus in Transition Economies: Does the Measurement of Law Enforcement Matter?, in M. Uvalic and B. Cerovic (eds), Western Balkan’s Accession to the European Union- Political and Economic Challenges, Belgrade, 2010 (with V.Z. Toci).
The Impact of Innovation Activities on Firm Performance Using a Multi-stage Model: Evidence from the Community Innovation Survey 4, CASE Network Studies and Analyses, No. 410/2010, Warsaw (with Nebojsa Stojcic).
Entrepreneurship and SME Growth: Evidence from Advanced and Laggard Transition Economies, International Journal of Entrepreneurship Behaviour and Research, 17 (5), 2011:456-487 (with Besnik Krasniqi).
Determinants of the Choice between Different Innovation Regimes amongst Firms in the Enlarged Europe, in G. Canullo, F. Chiapparino and G. Cingolani (eds), The Adriatic-Balkan Area: from Transition to Integration, Napoli: Edizioni Scientifiche Italiane, 2011:141-170 (with Nebojsa Stojcic).
The impact of innovation activities on firm performance using a multi-stage model: Evidence from the Community Innovation Survey 4, Research Policy, 42(2), 2013: 353-366 (with N. Stojcic).
Export Behaviour of SMEs in Transition Countries, Small Business Economics: An Entrepreneurship Journal, 'Online First' (since 21-04-2013): pp.1-29 (with P. Gashi and G. Pugh).
Restructuring and Competitiveness: Empirical Evidence on Firm Behaviour in New EU Member States and Candidate Countries, East European Economics (forthcoming) (with N. Stojcic and S. Telhaj).
Intermediation Efficiency of Banks in South-East Europe: An Empirical Assessment Using DEA and Malmquist Index, International Journal of Finance and Banking Studies, 2(3), 2013: 1-20 (with V. Toçi).
Different Proxies Matter for the Law and Finance Nexus, International Journal of Finance and Banking Studies, 2(3), 2013: 57-75 (with V. Toçi).
Determinants of financial participation in the EU: Employers’ and employees’ perspective, Advances in The Economic Analysis of Participatory and Labour-Managed Firms, 14 (forthcoming, 2013) (with Alban Hashani).
iii. Selected conference papers
Property Rights, Contestable Markets and Share Economy: The Relevance for Self-Management in Yugoslavia, paper given at Marksisticki Centar Beograd, Belgrade, Yugoslavia, 1987.
Privatisation and Regulation: UK Experience, paper given at the Institute of Economics, Polish Academy of Sciences, Warsaw, March 1989.
Workers’ Management and New Enterprise Law in Yugoslavia, paper given at the Annual Conference of the International Institute for Self-Management, Dubrovnik, May 1990.
Voucher Privatisation, Financial Intermediaries and Corporate Governance, paper given at the Second International Seminar on Privatisation, College of Economic Affairs, Ministry of Finance, Tehran, Iran, November 1993.
Employee Ownership and Enterprise Behaviour: Evidence from Poland’s “Privatisation by Liquidation”, V World Congress of Central and East European Studies, Warsaw 6-11 August 1995.
The Polish National Investment Funds Programme: Mass Privatisation with a Difference? Paper given at the Third International Conference on Enterprises in Transition 27-30 May 1999, Split, Croatia.
The International Experience of Privatisation and Lessons for Kosova, paper given at the International Roundtable Forum on Privatisation of Socially-Owned Enterprises in Kosova, Prishtina, 30 March 2001.
A Comparative Analysis of Corporate Governance Framework in Transition Economies, paper given at the conference, “Corporate Governance in Russia and Poland”, organised by Centre for International Reform and Informal Systems (IRIS), University of Maryland, June 2003, St. Petersburg, Russia.
Does Government Policy Improve Industrial Competitiveness in Transition Economies? Paper presented at the Conference on Contemporary Tendencies and Policies in Structural Changes in the Economy, organised by the Faculty of Economics Skopje, University of St Cyril and Methdius, Ohrid, Macedonia, 15-19 October 2005.
The concepts and models of Corporate Governance: What is suitable for Publicly Owned Enterprises in Transition Economies?, paper presented at the Conference on Improving the Corporate Governance Framework in Publicly Owned Enterprises in Kosovo, Prishtina, 18-19 April 2006.
Employee Financial Participation in New EU Members and Candidate Countries: An Overview of the Developments in Legal and Economic Fields, paper presented at the Annual Conference of the International Association for Economics of Participation, Mondragon, Spain, 12-15 July 2006.
The Evolution of Ownership Structure, Path Dependency and Enterprise Performance using Dynamic Panel Data Models, paper presented at the Biannual Conference of the European Association for Comparative Economic Studies, Brighton, September 2006 (with Entela Shehaj)
Improving the Corporate Governance Framework in Publicly Owned Enterprises in Kosovo, a paper presented at the Conference on Corporate Governance and Transparency in the Kosovo POEs, Riinvest Institute for Development Research, Prishtina, September 2006.
Privatisation through Concessions, paper presented at the Conference on Privatisation of Publicly Owned Companies in Kosovo, AAB Riinvest Universities, 20 October 2009.
The Impact of Innovation Activities on Firm Performance Using a Multi-stage Model: Evidence from the Community Innovation Survey 4, paper presented at the conference of the Framework VI Project ‘Micro-dyn’, Cambridge, 6-8 September 2010 (with Nebojsa Stojcic)
The Structure and Quality Upgrading of Croatian Exports to EU15 Market, paper presented at the 9th International Conference "CHALLENGES OF EUROPE: GROWTH AND COMPETITIVENESS – REVERSING THE TRENDS", Split, May 2011 (with Nebojsa Stojcic).
Competitiveness of Transition Economies: Evidence from the Dynamic Shift-Share Analysis, paper presented at the9th International Conference "CHALLENGES OF EUROPE: GROWTH AND COMPETITIVENESS – REVERSING THE TRENDS", Split, May 2011 (with Sabina Silajdzic).
Intermediate Microeconomics, on the intensive Preliminary Course for the MSc Economics for Business Analysis (EBA) programme; and Economic Analysis of Firm 2, a module on the MSc EBA
I supervise 10 MPhil/PhD students in the following areas: Corporate Governance of Financial Institutions in South Eastern Europe, Efficiency and Performance of Financial Institutions in Transition Economies; Privatisation in Kosovo; Ownership Concentration and Firm Performance; Ownership, Innovation and Firm Performance in Transition Economies; Ethnic and Religious Differentiation and Performance of SMEs; Innovation and Firm Performance in SMEs; Efficiency and Market Structure in the Financial Sector; and the Impact of Financial Euroization on Bank Efficiency.
ContactProfessor Iraj Hashi
Professor of Economics
Scholarship, Enterprise & Research (Business School - Research & Enterprise)
Faculty of Business, Education and Law
Stoke on Trent
t: +44 (0)1782 294090
f: +44 (0)1782 294340