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Project 1: Pre-bankruptcy settlements (financed by the CERGE-EI Teaching Fellows grant)
Firm bankruptcy is an occupational hazard of entrepreneurs and is considered a standard fact of capitalism. Modern bankruptcy laws offer a reorganization opportunity and are present around the world, with the most notable examples being the US Chapters 7 and 11. The project aims to estimate the effects of the pre-bankruptcy settlement procedure in the Republic of Croatia and is carried out in cooperation with Princeton University School of Public and International Affairs.
Team members: Professor Jacob N. Shapiro (Princeton University), Professor Randall Filer (Hunter College, CUNY), Postdoc Dejan Kovač (Princeton University)
Working paper: link.
Project 2: Public procurement contracts (financed by the University of Dubrovnik VIF grant)
Public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Receiving a government contract in certain conditions can be treated as a government demand shock, and we investigate the effects of such a shock.
Team members: Melko Dragojević (Research Assistant, University of Dubrovnik)
Project 3: Exports: who are exporters, and how can we support them? (financed by the University of Innsbruck eeecon grant)
Small open economies need to boost exports in order to increase their gross domestic product. In this project we answer the question of how effective are direct government policies worldwide in supporting exporters, and we try to understand the process of firm growth and internationalization in small open economies.
Team members: Professor Janette Walde (University Innsbruck, Austria), Professor Emeritus Joachim Wagner (Leuphana University Lüneburg, Germany), Professor Alex Coad (Waseda University, Japan), Professor Mario Larch (University of Bayreuth, Germany)
Research outputs (in Working Papers):
Srhoj, S., Vitezic, V., & Wagner, J. (2020). Export boosting policies and firm behaviour: Review of empirical evidence around the world. University of Lüneburg Working Paper Series in Economics. https://ideas.repec.org/p/pra/mprapa/104330.html
Project 4. Impact evaluation of public support
A government grant is a financial award given by the federal, state, or local government authority for a beneficial project of some sort. The aim of this project is to conduct a series of impact evaluations on public grants in order to answer the several research questions, including, is there a positive effect of public grants on firm performance; if there is a positive effect, what is the magnitude of these effects; how can grants be better designed in terms of targeting, purpose and its size?
Research output (in Economics journals):
1. Srhoj, S., Lapinski, M., & Walde, J. (2020). Impact evaluation of business development grants on SME performance. Small Business Economics. https://doi.org/10.1007/s11187-020-00348-6
2. Stojcic, N., Srhoj, S. & Coad, A. (2020). Innovation procurement as capability-building: Evaluating innovation policies in eight Central and Eastern European countries. European Economic Review. https://doi.org/10.1016/j.euroecorev.2019.103330
3. Dvouletý, O., Srhoj, S. & Pantea, S. (2020). Public SME grants and firm performance in European Union: A systematic review of empirical evidence. Small Business Economics. https://doi.org/10.1007/s11187-019-00306-x
4. Srhoj, S. & Walde, J. (2020). Getting ready for EU Single Market: the effect of export-oriented grant schemes on firm performance. Structural Change and Economic Dynamics. https://doi.org/10.1016/j.strueco.2019.11.001
5. Srhoj, S., Škrinjarić, B. & Radas, S. (2019). Bidding against the odds? The impact evaluation of grants for young firms during the recession. Small Business Economics, 1-21- https://link.springer.com/article/10.1007/s11187-019-00200-6
6. Srhoj, S., Vitezić, V. & Walde, J. (2021). Do small public grants boost tourism firms' performance? Tourism Economics. Forthcoming.
Research outputs (in Working Papers):
7. Srhoj, S., Škrinjarić, B., Radas, S., & Walde, J. (2019). Closing the Finance Gap by Nudging: Impact Assessment of Public Grants for Women Entrepreneurs. Radni materijali EIZ-a. https://hrcak.srce.hr/221665
8. Srhoj, S., & Žilić, I. (2020). 'Fine I'll do it myself': lessons from self-employment grants in a long recession. Radni materijali EIZ-a. https://hrcak.srce.hr/232616
Project 5. High growth firms
The so-called 'High Growth Firms' (HGFs) create a lion share of new jobs in any economy, for example, in the United Kingdom, 6% of firms, the HGFs, created 50% of all new jobs. In this series of studies, I confirm stylized facts on HGFs in Slovenia and Croatia and use machine learning tools to improve the prediction of HGFs.
Research output (in Economics journals):
1. Coad, A., & Srhoj, S. (2019). Catching Gazelles with a Lasso: Big data techniques for the prediction of high-growth firms. Small Business Economics, 1-25. https://link.springer.com/article/10.1007/s11187-019-00203-3
2. Srhoj, S., Zupic, I., & Jaklič, M. (2018). Stylised facts about Slovenian high-growth firms. Economic research-Ekonomska istraživanja, 31(1), 1851-1879. https://www.tandfonline.com/doi/full/10.1080/1331677X.2018.1516153
3. Vitezić, V., Srhoj, S. & Perić, M. (2018) Investigating industry dynamics in a recessionary transition economy. The South East European Journal of Economics and Business, 13(1), 43-67. https://goo.gl/yjFrt1
Other related studies (pre-professional job in academia; studies in business & management)
1. Srhoj, S., & Lonza, P. (2016). Analysis of Tax Laws Implementation Challenges in the Republic of Croatia: Small Business Perspective. Accounting and Tax in Practice, 9, 1-14. https://goo.gl/9pkwj5
2. Rexhepi, G., & Srhoj, S. (2018). Strategy as an ever-evolving road to success of growing enterprises. World Review of Entrepreneurship, Management and Sustainable Development, 14(3), 333-347. https://goo.gl/8vSDYP
3. Milovanović, B. M., Srhoj, S., & Krišto, T. (2017). Strategic approach to the business model innovation. Economic Thought and Practice, (2), 845. https://hrcak.srce.hr/191311
4. Srhoj, S., Batarelo Kokić, I., & Krišto, T. (2017). In pursuit of innovation: Entrepreneurial climate facets, product–service innovation and the mediating role of learning orientation. Business Excellence, 11(1), 9-36. https://hrcak.srce.hr/182904
5. Milovanović, B. M., Srhoj, S., & Krišto, T. (2016). Business models as a conceptual framework for designing business of contemporary firms. Economic Thought and Practice, 2, 535-563. https://hrcak.srce.hr/171476
6. Srhoj, S., & Milovanović, B. M. (2016). Design thinking as a contemporary approach to solving business problems. Proceedings of the Faculty of Economics and Business in Zagreb, 2, 63-91. https://hrcak.srce.hr/170203
7. Milovanović, B. M., Kunst, K. & Srhoj, S. (2016). Diagnosing entrepreneurial climate – case study in pharmaceutical industry, Economic Thought and Practice, 1, 73-104. https://hrcak.srce.hr/160047
8. Milovanović, B. M., Krišto, T., & Srhoj, S. (2015). Methodology Proposal for Increasing Swift Trust within Virtual Teams in the Inception Phase of a Project Life-Cycle: Project Manager’s Perspective. Acta Economica Et Turistica, 1(1), 95-109. https://hrcak.srce.hr/150824
9. Milovanović, B. M., Krišto, T., & Srhoj, S. (2015). Modelling entrepreneurial career intentions of female and male students of the University of Zagreb. Proceedings of the Faculty of Economics and Business in Zagreb, 2, 17-47. https://hrcak.srce.hr/149146
10. Milovanović, B. M., Krišto, T., & Srhoj, S. (2015). What distinguishes students with entrepreneurial intentions? Analysis of the empirical model of entrepreneurial intention determinants among students at the University of Zagreb. Economic Thought and Practice, 1, 151-170. http://hrcak.srce.hr/140289
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