The Importance of the Owner Relationship in Shaping Hybrid Organizations

Anna Thomasson

Chapter 7 in Managing Hybrid Organizations, 2019, pp 129-155 from Springer

Abstract: Abstract The focus of this chapter is the relationship between owners and hybrid organizations with focus on public-private hybrid constellation and corporations owned by local governments. These companies are hybrids since they are governed as private profit-oriented companies but provide public services and incorporate public values. The main takeaway from the analysis in the chapter is that two dimensions, one formal and one informal, define the relationship between the owners and their companies. The formal relationship is here mainly referring to the relationship as defined by the legal framework and existing regulations, while the informal relationship is referring to the dialogue between the owners and the companies that occurs as a complement to the latter dimension. The formal relationship mainly reflects market values, while in order for the democratic values to be protected, the informal dimension is crucial.

Keywords: Public-private hybridity; Owner relations; Governance; Local government corporations; Mission drift (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-95486-8_7

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DOI: 10.1007/978-3-319-95486-8_7

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