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Hybrid board governance: Exploring the challenges in implementing social impact measurements
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).ORCID iD: 0000-0003-1606-3877
Department of Accounting, Center for Sports and Business, Stockholm School of Economics, Stockholm, Sweden.
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). House of Innovation, Stockholm School of Economics, Stockholm, Sweden.ORCID iD: 0000-0002-3613-4233
2024 (English)In: The British Accounting Review, ISSN 0890-8389, E-ISSN 1095-8347, Vol. 56, no 5Article in journal (Refereed) Published
Abstract [en]

This paper focuses on hybrid board governance and the challenges faced by the board of directors when implementing social impact measurements. Interviews with 36 board chairs and general secretaries in social hybrids in Sweden show that while boards support social impact measurements, they face obstacles in implementing them. Drawing on the institutional logics framework, we identify three main reasons for these implementation problems. First, amid field level regulations focusing on cost efficiency, boards find it difficult to switch to a social impact that lacks a single metric that can be measured annually. Second, board members struggle to find sufficient time when they serve on a pro bono basis, and it is difficult to hold them accountable when limited progress occurs. Finally, acknowledging board practice variation, we highlight the need to distinguish between “beneficiary-driven” and “membership-driven” social hybrids. In the former, boards face the challenge of operationalizing the long-term benefits for end beneficiaries; in the latter, interactions with members are so operationally focused that boards struggle to maintain a long-term agenda for implementing social impact measurement. Given these challenges, we propose that future research should explicitly incorporate the board level in theorizing how hybrid organizations manage institutional logics and performance measurement.

Place, publisher, year, edition, pages
Elsevier, 2024. Vol. 56, no 5
Keywords [en]
Hybrid board governance, Board of directors, Social impact, Hybrid organizations, Institutional logic, Performance measurement
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-63765DOI: 10.1016/j.bar.2024.101359ISI: 001315160000001Scopus ID: 2-s2.0-85189104262Local ID: HOA;;1843110OAI: oai:DiVA.org:hj-63765DiVA, id: diva2:1843110
Available from: 2024-03-07 Created: 2024-03-07 Last updated: 2024-09-30Bibliographically approved

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Banerjee, AnupNordqvist, Mattias

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