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Is Law Normalizing Hybrid Organizations? Guidelines from Multi-purpose Corporations

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  • Kevin Levillain

    (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

  • Blanche Segrestin

    (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

  • Armand Hatchuel

    (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

Abstract

Among other challenges, hybrid organizations face a legal one as the law divides organizations into nonprofit and for-profit structures. For a few years however, new legal forms of enterprises have emerged, whose claim is to overcome this challenge: multi-purpose enterprises, such as the Benefit Corporation. Their very existence directly questions the necessity of such legal categorization, and we argue that behind the legal way to solve the challenge, it proposes a managerial model through the specification of the corporate purpose. From this model, we derive innovative guidelines to create and manage hybrid organizations. Conversely, we argue that management research on hybrid organizations may open new avenues to contribute to the development of appropriate legal structures for hybrid organizations.

Suggested Citation

  • Kevin Levillain & Blanche Segrestin & Armand Hatchuel, 2015. "Is Law Normalizing Hybrid Organizations? Guidelines from Multi-purpose Corporations," Post-Print hal-01143317, HAL.
    • Handle: RePEc:hal:journl:hal-01143317
    Note: View the original document on HAL open archive server: https://minesparis-psl.hal.science/hal-01143317v1
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    File URL: https://minesparis-psl.hal.science/hal-01143317v1/document
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    References listed on IDEAS

    as
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