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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).
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: 2018-02-09Bibliographically approved

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Alexius, SusannaGustavsson, MartinSardiello, Tiziana
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CiteExportLink to record
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  • apa
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