Julie Ann Elston

Associate Professor of Business OSU Cascades

Department: Finance and Global Business Analysis
Office: 2600 NW College Way, Cascades Hall 237, Bend 97701
Phone: 541-322-3165
Email: Julie.Elston@osucascades.edu


Julie Ann Elston is an Associate professor of Business and an Adjunct Professor of Agricultural and Resource Economics at Oregon State University. She has published numerous scholarly articles, papers and a book in the fields of financial economics, international business, and entrepreneurship. In 2008 she was selected as a Fulbright Scholar to study the impact of science on policy formation in the European Union, and in 2012 was named the Fulbright Hall Distinguished Chair of Entrepreneurship and Innovation at the Wirtschaftsuniversität Wien.

As a regular contributor to the field entrepreneurship, Dr. Elston serves as an Associate Editor of Small Business Economics: An Entrepreneurship Journal and The Journal of Global Entrepreneurship. She has served as a consultant to a number of international governmental agencies, organizations and firms including: National Oceanic and Atmospheric Administration (NOAA), Organization for Economic Cooperation and Development (OECD), the Deutsche Bundesbank (German Central Bank), and the US National Academies of Science, Board on Science, Technology, and Economic Policy.

Dr. Elston graduated from the University of Washington's Department of Economics, and has since held academic positions at the Wissenschaftszentrum Berlin in Germany, the Hoover Institution, Stanford University, and the California Institute of Technology. She was selected as a Policy Fellow in the Robert Bosch Foundation Scholars Program in Comparative Public Policy; and served as a Research Fellow at the Max Planck Institute for Economics in Jena.

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Education

Ph.D., M.A. Economics, University of Washington, June 1992.

M.S. Quantitative Economics (Statistics), Baruch College, New York, June 1985.

B.A. Business Administration, University of Washington, June 1982.  

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Employment

2010-present: Oregon State University, Associate Professor College of Business. 

  • Fulbright Hall Distinguished Chair of Entrepreneurship and Innovation, Wirtschaftsuniversität Wien, 2012-2103.
  • Adjunct Professor of Agricultural and Resource Economics, 2012-present.

2005-2010: Oregon State University, Assistant Professor of International Business, Entrepreneurship and Finance.

  • Fulbright Scholar in the German Studies Seminar Program “Science and Society:  The Impact of Science on Policy Formation,” 2008.
  • Max Planck Institute for Economics, Research Fellow, 2003-2008.
  • Division of Entrepreneurship, Growth, and Public Policy.

1998-2005: University of Central Florida, Assistant Professor of Economics.

  • National Academies of Science, Board Member, Board on Science, Technology, and Economic Policy, 2002-2005.
  • American Institute for Contemporary German Studies (AICGS) Johns Hopkins University- Bosch Fellow, 2001.
  • Deutsche Bundesbank, Frankfurt, Research Fellow, Summer 2001.

1997-1998: University of Washington, the Northwest Center for Research on Women (NWCROW), Visiting Scholar.

1996-1997: California Institute of Technology, Visiting Instructor.

1992-1996: Wissenschaftszentrum Berlin, Germany, Research Fellow.

  • Hoover Institution, Stanford University, Visiting Scholar, 1995-1996.
  • Institute for Fiscal Studies, London, Visiting Scholar, March 1995.

1988-1992: Center for Social Science Computation and Research (CSSCR), University of Washington, Graduate Assistant.

  • National Oceanic and Atmospheric Administration (NOAA), Seattle Washington, Industry Economist, 1991.

1985-1988: The Boeing Company, Seattle Washington, Systems Analyst.

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Service

Editorial and Review Responsibilities

  • Associate Editor for Small Business Economics, 2007-present.
  • Associate Editor for The Journal of Global Entrepreneurship, 2012-present.
  • Editorial Board Member for the Journal of Corporate Ownership and Control, 2004-present.

Reviewer for: Fulbright Scholar Program, National Science Foundation, European Economics Review, Economics Letters, Journal of Theoretical and Institutional Economics, International Journal of Industrial Organization, Journal of the Japanese and International Economies, Managerial and Decision Economics, Review of Development Economics, Small Business Economics, The Austrian Science Fund, The Quarterly Review of Economics and Finance, Journal of International Financial Markets, Institutions, and Money, Journal of Financial Intermediation, and Technovation: The International Journal of Technological Innovation, Entrepreneurship and Technology Management, Journal of Banking and Finance, and Journal of Business Venturing, Academy of Management, Academy of International Business, Thunderbird International Business Review.

Other Professional Activities

Discussant and chair, Academy for International Business-SE Chapter 2010-2011, Eastern Finance Association Meetings April 2003. Discussant, International Industrial Organization Conference, April 2003. Discussant at the National Academies Workshop on Small Business Innovation 2002. Discussant, Bundesbank Annual Spring Conference, April 2000. Session Chair and Discussant, Annual Western Economic Association Meetings, July 1999.Discussant, The Centre for Small and Medium Sized Enterprises annual conference, April 1999. Keynote Speaker, University of Groningen (RUG) Financing Investment conference, June 1998.

International Conferences and Workshops Organized

November 2007, 2 day seminar series on Entrepreneurship for In the Bag –OSU Cascades research seminar series.

August 2006, “Experimental methods in Entrepreneurship”, Workshop organizer for the Max Planck Institute Division: Entrepreneurship, Growth and Public Policy Group, Jena Germany.

“Financing the New Economy: A German–US Comparison”, for the American Institute for Contemporary German Studies (AICGS) –Johns Hopkins University, April 2001, Washington DC.

"Japanese Firms and Institutional Relationships", co-organized with Jenny Corbett, for the Centre for Economic Policy Research (CEPR) Japan Network, December 1995, German-Japanese Center, Berlin.

"Bank-Firm Relationships: An International Perspective", June 1995,Wissenschaftszentrum Berlin.

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Publications

Journal Articles

Elston, J., R. Hofler, and J. Lee, "Dividend Policy, Agency Costs and Institutional Ownership in Germany", Journal of Accounting and Finance, vol. 11, issue 1, pp. 89-102, 2011. Abstract
Elston, J., "Risk Attitudes, Wealth and Sources of Entrepreneurial Start-up Capital", Journal of Economic Behavior and Organization, vol. 76, issue 1, pp. 82-89, 2010. Abstract
Elston, J., and L. Rondi, "Corporate Governance and Capital Accumulation: Firm Level Evidence from Italy", Scottish Journal of Political EconomySelected by Rene Stulz for the Corporate Finance: Governance, Corporate Control & Organization paper series, vol. 56, issue 6, pp. 634-661, 2009. Abstract
Elston, J., and L. Rondi, "Shareholder Protection and the Cost of Capital: Evidence from German and Italian Firms", Statistica Applicata (Italian Journal of Applied Statistics), vol. 18, issue 2, pp. 153-172, 2007. Abstract
Chirinko, R., and J. Elston, "Finance, Control and Profitability: An Evaluation of German Bank Influence", Journal of Economic Behavior and Organization, vol. 59, issue 1, pp. 69-88, 2006. Abstract
Elston, J., "Bank Influence, Firm Performance and Survival", Corporate Ownership and Control, vol. 1, issue 2, pp. 65-71, 2004.
Elston, J., and L. Goldberg, "Executive Compensation and Agency Costs in Germany", Journal of Banking and Finance, vol. 27, issue 7, pp. 1391-1410, 2003. Abstract
Audretsch, D., and J. Elston, "Financing the German Mittelstand", Small Business Economics, vol. 9, issue 2, pp. 97-110, 1997. Abstract
Elston, J., "Dividend policy and investment: Theory and evidence from US panel data", Managerial and Decision Economics, vol. 17, issue 3, pp. 267-275, 1996. Abstract
Audretsch, D., and J. Elston, "Le Financement de la Mittelstand Allemande", Revue Internationale : Petite et Moyenne Enterprise (PME), vol. 8, issue 3-4, pp. 121-147, 1996.
Elston, J., "Banks, Finance and Investment in German: A Review Article", Small Business Economics, vol. 7, issue 6, pp. 475-479, 1995.
Elston, J., and H. Albach, "Bank Affiliations and Firm Capital Investment in Germany", IFO Studien: Zeitschrift fur Empirische Wirtschaftsforschung, vol. 1, pp. 1-15, 1994.

Conference Papers

Elston, J., and B. Chirinko, "Banking Relationships in Germany: Empirical Results and Policy Implications", Rethinking Bank Regulation : What Should Regulators Do?, pp. 239-255, 1996.
Chirinko, B., and J. Elston, "Banking Relationships in Germany: Empirical Results and Policy Implications", Federal Reserve Bank of Kansas City Research Working Paper, issue 96-05, 1996.

Presentations

Elston, J., "International Entrepreneurship", “Practical Problems in Economics”, Bratislava, Slovakia., 2013.
Elston, J., "Business Cultural Intelligence Quotient (BCIQ)", Annual Academy of Management, Orlando, FL, 2013.
Elston, J., "Entrepreneurship in China", Annual Academy of International Business Conference -SE, Orlando, FL, 2011.
Elston, J., "DIVIDENDS, EXECUTIVE COMPENSATION, AND AGENCY COSTS:", Annual Meetings of the Academy of Finance, Chicago Il, USA, 2010.
Elston, J., "Firm Growth and Gibrat’s Law", Colloquium for Young Scientists on Understanding Firm Growth, Stockholm Sweden, 2010.
Elston, J., "Financing Entrepreneurship and Innovation", Meeting Global Challenges: US-German Innovation Policy, Washington DC, 2010.
Elston, J., "Agency Costs, Dividends and Executive Compensation: Empirical Evidence from Germany", Annual Academy of International Business- Southeast USA, Tampa, FL, 2010.
Elston, J., "Dividends, Executive Compensation, and Agency Costs", European Financial Management Symposium 2009, Milan, Italy, 2009.
Elston, J., "Financing Entrepreneurship", The Entrepreneurial Process, Jena Germany, 2008.
Elston, J., "Dividends and Agency Issues: Empirical Evidence From Germany", Atlantic Schools of Business Conference, St. John's Newfoundland, 2008.
Elston, J., "Dividends and Agency Issues: Empirical Evidence From Germany", Atlantic Schools of Business Conference, St. John's Newfoundland, 2008.
Elston, J., "Characterizing the Entrepreneur", Central Oregon Busness Roundtable, Riverwalk Hotel, 2007.
Elston, J., "Financing Entrepreneurship", Research Brown Bag, OSU Cascades, 2007.
Elston, J., "Financing Entrepreneurship", Ringberg Conference on Strategic Entrepreneurship, Tegernsee Germany, 2007.
Elston, J., "Financing Entrpreneurship", Max Planck Workshop on Entrepreneurship, Jena Germany, 2006.
Elston, J., "Shareholder Protection and the Cost of Capital: Empirical Evidence from German and Italian Firms", Summer Workshop Measurement Issues in Small Firm Performance, Jena Germany, 2004.
Elston, J., "Valuation Differences under 3 Accounting Standards: Empirical Evidence from Germany's Neuer Markt", Summer Workshop Measurement Issues in Assessing Small Firm Performance, Jena, Germany, 2004.
Elston, J., "Valuation Differences under 3 Accounting Standards: Empirical Evidence from Germany's Neuer Markt", Workshop on Accounting and Economics at the European Institute for Advanced Studies in Management, Frankfurt, Germany, 2004.
Elston, J., "Dividend Policy, Agency Costs and Institutional Ownership", Annual meetings of the European Association for Research in Industrial Economics, Berlin, Germany, 2004.
Elston, J., "Finance, Profitability and Control: An Evaluation of German Bank Influence", Presentation at the University of San Diego, San Diego, CA, 2003.
Elston, J., "Financing Technology Growth in the 21st Century: Germany in Transition", Presentation at Rensselaer Polytechnic Institute, Albany, NY, 2003.
Elston, J., "Financing Technology Growth in the 21st Century: Germany in Transition", Presentation at California State University - Fullerton, Fullerton, CA, 2003.
Elston, J., "Changing Policies and New Economic Growth: Germany in Transition", Presentation at the School of Public Policy, Pepperdine University, Malibu CA, 2002.
Elston, J., "Changing Policies and New Economic Growth: Germany in Transition", Presentation at the School for Policy and Environmental Economics, Institute for European Studies, Indiana University,, Bloomington IN, 2002.
Elston, J., "What's New About the New Economy?", American Business Women's Association Annual Awards Dinner, Winter Park FL, 2002.
Elston, J., "The Digital Economy?", Orlando Technology Forum on the Digital Economy, Orlando FL, 2002.
Elston, J., "Growth of Neuer Markt Firms", Workshop on Financing the New Economy: A German-US Comparison, Washington DC, 2001.
Elston, J., "The Neuer Markt: Real and Financial Factors,", Joint seminar with the Wolfgang Goethe University and the Deutsche Bundesbank, Frankfurt, Germany, 2001.
Elston, J., and L. Goldberg, "Executive Compensation and Agency Costs in Germany", European Association for Research in Industrial Economics annual meeting, Dublin Ireland, 2001.
Elston, J., "What's New About the New Economy", Workshop on Financing the New Economy in Germany, Washington DC, 2001.
Elston, J., "Funding Gaps in Germany Industry", Funding Gap Controversies Conference Plenary Session, Warwick, England, 1999.
Elston, J., "Executive Compensation and Agency Costs", Western Economic Association annual meeting, San Diego CA, 1999.
Elston, J., "Does Firm Size Matter? Evidence on the Impacts of Liquidity Constraints on firm Investment Behavior in Germany", European Association for Research in Industrial Economics Conference annual meetings, Chania, Greece, 1994.

Book Chapters

Elston, J., "Risk Attitudes, Wealth and Sources of Entrepreneurial Start-Up Capital", Public Policy in the Entrepreneurial Society, Edward Elgar., London, 2013.
Elston, J., and L. Goldberg, "Executive Compensation and Agency Costs in Germany", Corporate Governance and Corporate Finance: A European Perspective, Routledge, London, 2008. Abstract
Audretsch, D., and J. Elston, "Entrepreneurship and Risk", Entrepreneurship: The Engine of Growth, vol. 1, London: Praeger, pp. 65-80, 2007. Abstract
Elston, J., "Investment, Liquidity Constraints and Bank Relationships: Evidence from German Manufacturing Firms", Competition and Convergence in Financial Markets: The German and Anglo-Saxon Models, Elsevier Science Publishers, vol. 5, 1998.

Report

Elston, J., "The New Economy in Germany and the US: Policy Challenges and Solutions.", Policy paper series of the American Institute for Contemporary German Studies, 2002.
Elston, J., "Firms, Contracts and Financial Structure by Oliver Hart", Journal of Japanese and International Economies, vol. 11, issue 2, pp. 260-261, 1997.
Elston, J., "Are Capital Markets Perfect? Evidence from U.S. Panel Data", Discussion Papers, Wissenschaftszentrum Berlin Fur Sozialforschung (WZB),, issue FS IV, pp. 93-7, 1993.

Books

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Professional Affiliations

  • Academy of International Business
  • Academy of Management
  • American Finance Association
  • American Economic Association
  • Association of Financial Economists
  • European Finance Association
  • European Association for Research in Industrial Economics

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Sponsored Research

EXTERNAL GRANTS AND CONSULTING

Oregon Wine Research Institute, “Internationalization of the Market for Wine in China” Research Grant (PI) 2012-2013.

Ewing Marion Kauffman Foundation, “Financing Entrepreneurship” Research Grant (PI) 2007-2009.

Economic Consultant, Organization for Economic Cooperation and Development (OECD), Summer, 1996.

National Oceanic and Atmospheric Administration (NOAA), Seattle Washington,       1991.

Radio Free Europe, Statistical Consultant, Summer 1989.

University Grants and Awards

Newcomb Associate Award for Research, College of Business, OSU, 2011.

General Research Fund Grant, “Entrepreneurship Dynamics and Firm Growth in China,” OSU, 2011.

L.L. Stewart Faculty Development Fund Grant, OSU 2011.

Collaborative Research Grant, OSU-Cascades 2010-2012.

Scholarship & Creative Activity Award, OSU Cascades, 2010.

Newcomb Associate Award for Research, College of Business, OSU, 2010.

Excellence in Scholarship, College of Business, OSU, 2009.

Newcomb Associate Award for Research, College of Business, OSU, 2008.

Newcomb Associate Award for Research, College of Business, OSU, 2007.

Carl L. Galloway Faculty Performance Award for Graduate Research, UCF, 2002.

College of Business Administration, Summer Research Grant, UCF, 1999.

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Honors and Awards

Visiting Positions and Fellowships
  • Fulbright German Studies Seminar, Fulbright Scholar Grantee, 2008.
  • Max Planck Institute for Economics, Research Fellow, 2003-2008.
  • National Academies of Science, Board on Science, Technology, and Economic Policy, 2002-2005.
  • American Institute for Contemporary German Studies (AICGS) Johns Hopkins University - Bosch Fellow, 2001.
  • Deutsche Bundesbank, Frankfurt, Research Fellow, 2001.
  • California Institute of Technology, Pasadena, 1996-1997.
  • Hoover Institution, Stanford University, Visiting Scholar, 1995-1996.
  • Institute for Fiscal Studies, London, Visiting Scholar, March 1995.
University
  • General Research Fund Grant, “Entrepreneurship Dynamics and Firm Growth in China,” OSU, 2011.
  • L.L. Stewart Faculty Development Fund Grant, OSU, 2011.
  • Collaborative Research Grant, OSU-Cascades, 2010-2012.
  • Scholarship & Creative Activity Award, OSU Cascades, 2010.
  • Newcomb Associate Award for Research, College of Business, OSU, 2010.
  • Excellence in Scholarship, College of Business, OSU, 2009.
  • Newcomb Associate Award for Research, College of Business, OSU, 2008.
  • Newcomb Associate Award for Research, College of Business, OSU, 2007.
  • Carl L. Galloway Faculty Performance Award for Graduate Research, UCF, 2002.
  • College of Business Administration, Summer  Research Grant , UCF, 1999.

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