Organizational Culture, Adaptation, and Performance

This paper has benefited from the comments by Isabel Fernandez-Mateo, Olenka Kacperczyk, Arianna Marchetti, Michael Jensen, Michael Jacobides, Christoph Loch, Phanish Puranam, Freek Vermeulen, and Robert Gibbons; by participants in seminars at the Michigan Ross School of Business, the London Business School, and the School of Management at Pontificia Universidad Catolica; and attendees of the Second Berkeley Haas Culture Conference, the 2021 Theoretical Organizational Models annual conference, the 2022 Academy of Management Annual Conference, and the 2023 Society of Institutional and Organizational Economics Annual Conference.