Organizational Hybridity In Social Finance

A comparative analysis

Authored by: Gunnar Glänzel , Björn Schmitz

Routledge Handbook of Social and Sustainable Finance

Print publication date:  June  2016
Online publication date:  June  2016

Print ISBN: 9781138777545
eBook ISBN: 9781315772578
Adobe ISBN: 9781317678830


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The “hybrid movement” (Battilana, Lee, Walker, & Dorsey, 2012) is a description of the recent trend in organizational forms that are combining highly heterogeneous sectoral elements in general and commercial and non-profit practices in particular in new ways and more intensively. The body of academic literature on hybrid organizations has increased vastly in the last decade (e.g., Billis, 2010; Boyd, Henning, Reyna, Wang, & Welch, 2009; Bromberger, 2011; Doherty, Haugh, & Lyon, 2014; Evers, 2008; Glänzel & Schmitz, 2012; Jäger & Schröer, 2013; Jay, 2013; Schmitz, 2013; Skelcher, 2012; Smith, 2010). Best-known hybrid organizations are active in fair trade (e.g., Huybrechts & Defourny, 2008; Nicholls & Opal, 2005) or work integration (e.g., Garrow & Hasenfeld, 2010; Pache & Santos, 2010). But also organizations in the field of social finance are interesting and of increasing importance, as these organizations might serve as part of the ecosystem for hybrid organizational forms like social enterprises (e.g., Battilana & Dorado, 2010; Harvey, 1995; Moore, Westley, & Brodhead, 2012).

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