My research interests lie at the organizational level and at the intersection of innovation, entrepreneurship, and strategy. My work is generally focused on entrepreneurial strategies in rapidly changing environments typically characterized by novel technologies. I study my research questions primarily through a configurational lens (e.g., interdependencies, complementarities, equifinality), and increasingly also from a behavioral perspective (e.g., organizational learning, adaptation, search) to better account for the adaptive nature of complex organizations. I use both quantitative and qualitative research methods and empirical settings ranging from online businesses to basketball teams and spaceflight. My research has been published by top journals such as the Academy of Management Journal and Entrepreneurship Theory & Practice.


Leppänen, P., George, G. & Alexy. O. 2021. When Do Novel Business Models Lead to High Firm Performance? A Configurational Approach to Value Drivers, Competitive Strategy, and Firm Environment. Academy of Management Journal,

Haefner, N., Palmié, M. & Leppänen, P. 2021. With(Out) a Little Help From My Friends? Reconciling Incongruous Findings on Stakeholder Management, Innovation, and Firm Performance. Entrepreneurship Theory & Practice,

Leppänen, P., McKenny, A. & Short, J. 2019. Qualitative Comparative Analysis in Entrepreneurship: Exploring the Approach and Noting Opportunities for the Future, in Brian Boyd, T. Russell Crook, Jane K. Lê, Anne D. Smith (ed.) Standing on the Shoulders of Giants (Research Methodology in Strategy and Management, Volume 11) Emerald Publishing Limited, pp.155–177.

Working Papers (titles changed to ensure anonymity in the review process)

Stuhler, I. & Leppänen, P. Top Management Team Configurations and New Venture IPO Performance. Under review.

Leppänen, P. & Eggers, J.P. Resource Reconfiguration and Search: The Role of Managerial Cognition. Preparing for journal submission.

Leppänen, P. Mission-Driven Strategizing: Interdependencies in SpaceX’s Building Block Approach. First draft.

Reid, S., Leppänen, P. & Short, J. Configurations of Corporate Social Responsibility in Family Firms. Collecting additional data.

Early-Stage Projects

I am currently working on several early-stage research projects on organizational search and reconfiguration, short-term vs. long-term performance feedback, emergence of platform configurations, as well as growth strategies and value creation in the commercial space sector.