Events
Open Workshop: Resource Exhaustion, Firm Failure and Entrepreneurial Orientation
Speaker: Prof. Mathew (Mat) Hughes, University of Leicester and a Schulze Distinguished Professor, U.K.
Abstract: Published in Entrepreneurship Theory and Practice in 2024, this talk examines the idea of entrepreneurial entropy, fundamental component and mechanism in a new resource exhaustion theory that seeks to explain how highly entrepreneurially reined forms can encounter firm failure. Entrepreneurial orientation (EO) can generate substantial gains and losses, exhausting firm resources and straining a firm’s ability to sustain its activities. We develop and test a resource exhaustion theory of firm failure, conceptualizing conditions under which EO increases the risk of firm failure by generating unsustainable amounts of entrepreneurial entropy. Using panel data on 804 large U.S. high-technology firms over 18 years, we find that EO increases the risk of firm failure, which is mediated by the lack of organizational resource slack. An abrupt change in EO increases the risk of firm failure, especially among underperforming firms.
Dr Mathew (Mat) Hughes is a Professor of Entrepreneurship and Innovation at University of Leicester and a Schulze Distinguished Professor. Mat’s expertise includes the strategy and management of entrepreneurship and innovation in various contexts with a specific focus on entrepreneurial orientation, innovation, social capital and relational strategy, and family firms.
Anniversary Event: Alumni Reception in London Celebrating 30 Years of SSE Riga
In celebration of our anniversary year, we're thrilled to reconnect with our alumni from around the globe. This May, we're heading to London!
Dear SSE Riga alumni, you're warmly invited to join us for a special reception commemorating "30 years of Stockholm School of Economics in Riga" at the Embassy of the Republic of Latvia to the United Kingdom of Great Britain and Northern Ireland.
Please note that this event is exclusively for SSE Riga Bachelor programme and Executive MBA programme alumni only.