Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that includes all firms inherited from socialism, we estimate...

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...