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Profit-with-purpose companies and institutional logics' dynamics: lessons from a public service company

Author

Listed:
  • Samantha Ragot

    (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)

Abstract

Profit-with-purpose corporations (PPCs) are new corporate forms that include a commitment of social or environmental nature in their by-laws, and that aim at better considering stakeholder interests. Because of its binding nature, we expect that a purpose may freeze institutional logics within PPCs. But what happens when the purpose is formulated as an innovative goal? The study is based on a historical case of PPC: La Poste, an incumbent company of public service in France. Our work reveals important phenomena with strong implications: the case indicates that a generative purpose leads to a systematic effort to designate new concepts that precisely call for the construction of new institutional logics.

Suggested Citation

  • Samantha Ragot & Blanche Segrestin, 2019. "Profit-with-purpose companies and institutional logics' dynamics: lessons from a public service company," Post-Print hal-02445262, HAL.
    • Handle: RePEc:hal:journl:hal-02445262
    Note: View the original document on HAL open archive server: https://hal.science/hal-02445262v1
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    References listed on IDEAS

    as
    1. Kevin Levillain & Blanche Segrestin, 2018. "From Primacy to Commitment: Revising corporate governance theories to account for recent legal innovations in the US," Working Papers hal-01777788, HAL.
    2. Johan Bruneel & Nathalie Moray & Robin Stevens & Yves Fassin, 2016. "Balancing Competing Logics in For-Profit Social Enterprises: A Need for Hybrid Governance," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 7(3), pages 263-288, September.
    3. Kevin Levillain & Blanche Segrestin, 2018. "From Primacy to Commitment: Revising corporate governance theories to account for recent legal innovations in the US," Post-Print hal-01777788, HAL.
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