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Profit-Making for Mutual Benefit: The Case of Folksam 1945–2015
Stockholm University, Faculty of Social Sciences, Stockholm Centre for Organizational Research (SCORE).
Stockholm University, Faculty of Social Sciences, Stockholm Centre for Organizational Research (SCORE).ORCID iD: 0000-0001-9946-2392
Stockholm University, Faculty of Social Sciences, Stockholm Centre for Organizational Research (SCORE).
2017 (English)Report (Other academic)
Abstract [en]

The contribution of this paper centers on organizational conditions and mechanisms for long-term justification and survival of constitutional hybrids—organizations that not only integrate various institutional logics, but also integrate structural elements, ideal-typical of different types of organizations and societal spheres. Responding to calls for studies that relate macro-, meso-and micro-level analyses, we draw on Boltanski and Thévenot’s theory of justification and a 70-year mixed-method case study of the mutually owned Swedish insurance firm, Folksam. We describe how this mutually owned enterprise went from justifying its profitmaking during the social-democratic regime to justifying its principle of mutual benefit in the decades following amarket turn in the 1980s. Our multi-level, longitudinal analysis suggests that constitutional hybrids like Folksam may survive and avoid isomorphism by making flexible use of their two-sided “Janus face”of civic and market logics of justification.

Place, publisher, year, edition, pages
Stockholm: Stockholm Centre for Organizational Research (SCORE), Stockholm University , 2017. , p. 23
Series
SCORE rapportserie, ISSN 1404-5052 ; 2017:2
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-150123ISBN: 91-89658-96-5 (electronic)OAI: oai:DiVA.org:su-150123DiVA, id: diva2:1165229
Available from: 2017-12-12 Created: 2017-12-12 Last updated: 2019-12-09Bibliographically approved

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Alexius, SusannaGustavsson, MartinSardiello, Tiziana
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CiteExportLink to record
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Citation style
  • apa
  • ieee
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