1Division of Anesthesia Critical Care, Virginia Commonwealth University School of Medicine, Richmond, VA 23298, USA 2Division of Pulmonary Disease and Critical Care Medicine, Virginia Commonwealth University School of Medicine, Richmond, VA 23298, USA 3Division of Cardiothoracic Surgery, Virginia Commonwealth University School of Medicine, Richmond, VA 23298, USA *Corresponding author Alpha A. ...

Entrepreneurial orientation (EO) can generate substantial gains and losses, exhausting firm resources straining a firm’s ability to sustain its activities. We develop test resource exhaustion theory of failure, conceptualizing conditions under which EO increases the risk failure by generating unsustainable amounts entrepreneurial entropy. Using panel data on 804 large U.S. high-technology firms...