Benefit Corporation Legislation and the Emergence of a Social Hybrid Category

Authors

Hans N. Rawhouser, University of Nevada, Las VegasFollow
Michael E. Cummings, University of Nevada, Las VegasFollow
Andrew Crane, University in TorontoFollow

Document Type

Article

Publication Date

Spring 2015

Publication Title

California Management Review

Volume

57

Issue

3

First page number:

13

Last page number:

35

Abstract

Previous research highlights tensions that social hybrids face by spanning categories. This article explores the emergence of legislation to support a new category for social hybrids, focusing on Benefit Corporation legislation in the United States. It presents quantitative analysis of state-level factors that make a state suitable for a social hybrid category (attractiveness for for-profit business and nonprofits, existing social hybrid organizations, legislative intensity, and political leanings) followed by qualitative analysis of the arguments marshaled for the creation of the Benefit Corporation legal form. These findings raise important insights for research on social hybrids and suggest a range of practical implications.

Keywords

Legal Aspects of Business; Policy Making; Public Policy; Nonprofit Sector; Stakeholders

Disciplines

Accounting | Business and Corporate Communications

Language

English

Repository Citation

Rawhouser, H. N., Cummings, M. E., Crane, A. (2015). Benefit Corporation Legislation and the Emergence of a Social Hybrid Category. California Management Review, 57(3), 13-35.
http://dx.doi.org/10.1525/cmr.2015.57.3.13