Designed by law: Purpose, accountability, and transparency at benefit corporations

The article explores the realization of major goals of the Benefit Corporation (BC) law, which is a corporation form designed for social enterprises in the United States in 2010. BCs have a dual mission of generating both profit and social value and hence they might have the potential to transform s...

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Autor principal:	Dilek Cetindamar
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2018
Materias:	social enterprises benefit corporations hybrid organizations Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/7548a90f6a414f43803403fa5da3f8d4
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spelling	oai:doaj.org-article:7548a90f6a414f43803403fa5da3f8d42021-12-02T10:44:30ZDesigned by law: Purpose, accountability, and transparency at benefit corporations2331-197510.1080/23311975.2018.1423787https://doaj.org/article/7548a90f6a414f43803403fa5da3f8d42018-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2018.1423787https://doaj.org/toc/2331-1975The article explores the realization of major goals of the Benefit Corporation (BC) law, which is a corporation form designed for social enterprises in the United States in 2010. BCs have a dual mission of generating both profit and social value and hence they might have the potential to transform society. This paper attempts to observe the first movers established as BCs during the period of 2010–2012. By adopting the institutional theory approach, the study examines the realization of the BC law’s three major goals: purpose, accountability, and transparency. The paper utilizes the regulatory legitimacy concept to measure the discrepancy between design and implementation of law. The observations point out some of the challenges of establishing new innovative organizations through an institutional intervention of a law. Conclusions consist of implications of the study as well as suggestions for further studies.Dilek CetindamarTaylor & Francis Grouparticlesocial enterprisesbenefit corporationshybrid organizationsBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 5, Iss 1 (2018)
institution	DOAJ
collection	DOAJ
language	EN
topic	social enterprises benefit corporations hybrid organizations Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	social enterprises benefit corporations hybrid organizations Business HF5001-6182 Management. Industrial management HD28-70 Dilek Cetindamar Designed by law: Purpose, accountability, and transparency at benefit corporations
description	The article explores the realization of major goals of the Benefit Corporation (BC) law, which is a corporation form designed for social enterprises in the United States in 2010. BCs have a dual mission of generating both profit and social value and hence they might have the potential to transform society. This paper attempts to observe the first movers established as BCs during the period of 2010–2012. By adopting the institutional theory approach, the study examines the realization of the BC law’s three major goals: purpose, accountability, and transparency. The paper utilizes the regulatory legitimacy concept to measure the discrepancy between design and implementation of law. The observations point out some of the challenges of establishing new innovative organizations through an institutional intervention of a law. Conclusions consist of implications of the study as well as suggestions for further studies.
format	article
author	Dilek Cetindamar
author_facet	Dilek Cetindamar
author_sort	Dilek Cetindamar
title	Designed by law: Purpose, accountability, and transparency at benefit corporations
title_short	Designed by law: Purpose, accountability, and transparency at benefit corporations
title_full	Designed by law: Purpose, accountability, and transparency at benefit corporations
title_fullStr	Designed by law: Purpose, accountability, and transparency at benefit corporations
title_full_unstemmed	Designed by law: Purpose, accountability, and transparency at benefit corporations
title_sort	designed by law: purpose, accountability, and transparency at benefit corporations
publisher	Taylor & Francis Group
publishDate	2018
url	https://doaj.org/article/7548a90f6a414f43803403fa5da3f8d4
work_keys_str_mv	AT dilekcetindamar designedbylawpurposeaccountabilityandtransparencyatbenefitcorporations
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Designed by law: Purpose, accountability, and transparency at benefit corporations

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