TY  - JOUR
PY  - 2018//
TI  - War for profit: English corsairs, institutions and decentralised strategy
JO  - Defence and peace economics
A1  - Kyriazis, Nicholas
A1  - Metaxas, Theodore
A1  - Economou, Emmanouil M. L.
SP  - 335
EP  - 351
VL  - 29
IS  - 3
N2  - In this study, we propose that in states with relatively weak central authorities, decision-makers had to develop market-oriented organisation solutions to successfully face a grave external threat, and these solutions proved to be efficient. Using an interdisciplinary approach that combines institutional theory, history and strategy, we analyse a case study, the use of corsairs (privateers) by England in the late sixteenth and early seventeenth centuries. We have found that the development of partnership companies went hand in hand for commercial and military purposes. English privateers proved to be economically efficient and superior to the centrally planned war operations of the Spanish empire.<p />  <p>Language: en</p>
LA  - en
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10242694.2015.1111601
ID  - ref1
ER  -