[INENT Research Seminar] ‘MISSION MANAGEMENT: HOW IMPACT INVESTORS ADDRESS SOCIAL – FINANCIAL TENSIONS’
December 11th, 2024
12am – 1pm in Paris L712 – Lille B252 & on Zoom
——————
Speakers:
Nazli MASSIHI – IÉSEG SCHOOL OF MANAGEMENT
ABSTRACT
Managing dual missions in hybrid organizations is a controversial concept and poses inherent challenges. Impact investors are a unique subset of hybrid organizations, who have been receiving surging attention as an effective financing means. The particular multilevelstructure of impact investors provides an intriguing empirical context to study social-financial tensions, which has been underexplored in the extant corpus of the literature. Employing a qualitative approach, the study draws on findings from 15 impact investors in Europe. The current research frames three main mechanisms for mission management in impact investors, namely pre-emptive strategy mechanisms, governing mechanisms, and contracting mechanisms. Our research offers meaningful contributions to the growing body of literature on hybrid organizations, as well as the theoretical lenses of institutional logics, agency theory, and resource dependence theory.