“…It is one of the few large-N studies on circular economy (Kirchherr and van Santen 2019). Thus far, research on CBMs has mainly focussed on approaches to CE by large incumbents, such as Google, Carlsberg, Renault or Unilever, possibly because of their higher visibility and the influence they have on their respective markets (Bocken et al, 2017;Franco, 2017;Frishammar and Parida, 2019;Ma et al, 2014;McIntyre, Ortiz, 2016;Niero et al, 2017;Stewart, Niero, 2018;Urbinati et al, 2017;Williams, 2007). In contrast, to the best of the authors' knowledge, no empirical scholarly work thus far has been carried out on CSUs directly.…”