Established firms often fail to maintain leadership following disruptive market shifts. We argue that such firms are more prone to internal resistance. A radical adjustment of assets affects the distribution of employee rents, creating winners and losers. Losers resist large changes when strong...

This paper builds on the available knowledge on what drives firms' production choices towards circular economy practices to shed new light on a so far quite neglected dimension: the role of organizational settings. Being the transition to a more circular economy systemic in nature, it draws not...

To contribute to the debate about the reorganization of the public-school supply, in this paper we analyze a reform introduced in Colombia in 2001 that merged several independent small schools into a single educational institution, with the same name, administration, educational project and...