Bibliographical note

This article has greatly benefitted from the guidance of associate editor John Prescott and three anonymous reviewers. We would also like to thank Johann Bronstein, Stefanie Habersang, Thomas Gegenhuber, Elias Kaiser, Anna Krzeminska, Katrin Obermeit, Dennis Schoeneborn, and Ferdinand Wenzlaff for their helpful comments on earlier versions of this article. A preliminary version of this article was presented at the 33rd Annual International Conference of the Strategic Management Society, in Atlanta, GA, USA, and was awarded with the SMS Best Conference PhD Paper Prize. We would like to thank Sarah Kaplan and Tomi Laamanen and the remaining PhD Paper Prize Committee for honouring our work in this way and the conference participants for their invaluable comments on our article. Furthermore, we would like to thank members of the Leuphana Organization Studies Group (LOST) for their helpful feedback.

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© 2021 The Authors. Journal of Management Studies published by Society for the Advancement of Management Studies and John Wiley & Sons Ltd.