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Advances in Corporate GovernanceComparative Perspectives$
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Helmut K. Anheier and Theodor Baums

Print publication date: 2020

Print ISBN-13: 9780198866367

Published to Oxford Scholarship Online: November 2020

DOI: 10.1093/oso/9780198866367.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 February 2021

Governance in Social Enterprises

Governance in Social Enterprises

(p.180) 8 Governance in Social Enterprises
Advances in Corporate Governance

Johanna Mair

Miriam Wolf

Alexandra Ioan

Oxford University Press

Social enterprises—organisations that pursue a social mission using market mechanisms—are promising vehicles to create both social and economic value for society. Navigating and/or aligning multiple goals and interests of stakeholders is critical for them to avoid mission drift, i.e. losing sight of their social mission, while navigating market and political pressures. Governance has been identified as a key mechanism that helps social enterprises to thrive as hybrid organisations, fulfilling multiple goals and attending to demands of multiple stakeholders. In this chapter, we review canonical theoretical approaches on corporate governance and assess their usefulness to understand governance of social enterprises. We highlight productive angles to examine social enterprise governance and provide first empirical insights on how social enterprises are governed in order to inform future research in this domain.

Keywords:   social enterprises, governance, mission drift, hybrid organisations, stakeholders

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