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News
July 16, 2026
Team Success: Aligning Means with Objectives
In corporations, sports, and academia, people often face challenges they cannot handle alone. In such cases, selecting the right team is crucial. Tatiana Mayskaya, Associate Professor at the HSE Faculty of Economic Sciences and the International College of Economics and Finance, together with colleagues from foreign universities, examined team characteristics and found that less diverse teams are better suited to objectives where a high average performance is important, whereas more diverse teams are preferable when avoiding failure is critical. The paper has been published in Economic Theory.
July 15, 2026
Economists Propose More Effective Approach to Reducing Smoking
Economists at HSE University have examined how smokers respond to changes in cigarette prices. When tobacco prices increase, cigarette consumption does not always decline. In fact, spending on tobacco may even rise: according to the researchers, a 1% decrease in cigarette affordability leads to a 0.28% increase in per capita tobacco expenditure. The findings suggest that to reduce smoking rates, tobacco prices must rise faster than household incomes. The study has been published in Voprosy Statistiki.
July 15, 2026
HSE MIEM Students to Develop Two Satellites from Scratch for Orbital Experiments
The devices, created by student teams, will conduct space research on the properties of promising solar cells, on-board energy storage systems, and serial electronics for student satellites.

 

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Resource endowments as antecedents of high-impact entrepreneurship: Embracing the complexity of entrepreneurial ecosystems

Journal of Business Research. 2025. Vol. 197. Article 115444.
Tekic A., Tekic Z.

Entrepreneurial ecosystems, as spatially bounded resource allocation systems, are vital for the growth and scale-up of new ventures by facilitating access to financial, human, and social resources, which are considered to be essential for fostering Schumpeterian entrepreneurship. However, there is significant heterogeneity in resource endowments of high-impact ecosystems, challenging the prevailing thesis in entrepreneurial ecosystem research that posits a balance and completeness among ecosystem elements, including resources, as a prerequisite for outstanding entrepreneurial performance. In this study, we draw on complexity theory to explore how financial, human, and social resources interact and combine to influence high-impact entrepreneurship within ecosystems. Employing fuzzy-set Qualitative Comparative Analysis (fsQCA) on a sample of 139 ecosystems across 47 countries, we identify both effective and ineffective ecosystem resource bundles. Highlighting their polarized nature, we develop a typology of high- and low-impact entrepreneurial ecosystems based on the complex patterns of substitutability and complementarity in their resource endowments.

Research target: Economics and Management
Language: English
DOI
Text on another site
Keywords: resourcescomplexity theoryentrepreneurial ecosystemsfsQCA
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