Venture Philanthropy and Practice Variations: The Interplay of Institutional Logics and Organizational Identities

2019 ◽  
Vol 48 (2) ◽  
pp. 241-265 ◽  
Author(s):  
Tamaki Onishi
Keyword(s):  
Social Welfare ◽  
Dominant Role ◽  
Hybrid Approach ◽  
Institutional Logics ◽  
Venture Philanthropy ◽  
Organizational Responses ◽  
Organizational Decision Making ◽  
External Pressures ◽  
Venture Capitalism ◽  
Practice Variations

While institutional logics and organizational identity become effective theoretical lenses to analyze hybrid organizations, the literature often focuses on tensions between multiple logics or multiple identities and remains relatively silent regarding how logics and identities simultaneously constrain organizations and how organizations respond to incompatibilities as well as compatibilities between logic and identity. To address this gap, the present study draws from burgeoning research that theorizes identity as an integral part of the mechanism from which logics shape organizational decision making. I examined how social-welfare/commercial logics and social/businesslike identities directly and indirectly shape 138 organizations’ practices of venture philanthropy—a hybrid approach combining philanthropy and venture capitalism. The findings confirm identity’s overall mediating effects and offer new theoretical insights into organizational responses to logic–identity incompatibility, especially the dominant role of social identity in consistently suppressing external pressures from commercial logic, whereas businesslike identity overcomes social-welfare logic only associated with the nonprofit status.

scholarly journals Late-Victorian Gentlemen Entrepreneurs Venturing Into New Worlds of Canadian Business: The Nestegg Mining Company, 1896-981

2007 ◽  
Vol 16 (1) ◽  
pp. 169-199
Author(s):  
Patrick Chapin
Keyword(s):  
Late Nineteenth Century ◽  
Joint Stock Company ◽  
Stock Company ◽  
Long Distance ◽  
Mining Company ◽  
Cultural Setting ◽  
Traditional Family ◽  
Venture Capitalism ◽  
Late Nineteenth

Abstract This case study examines how a group of late nineteenth century Victoria businessmen adjusted to the transition from traditional family capitalism to joint stock company management of a remote speculative mining venture. They encountered numerous unfamiliar obstacles including prejudicial management, the long-distance factor, public investors, and innovations in advertising and financing. Ultimately, Victoria’s unique geography and cultural setting foiled their efforts to establish themselves as Western Canada’s centre of venture capitalism.

Knowledge-intensive property rights and the evolution of venture capitalism

2008 ◽  
Vol 4 (2) ◽  
pp. 163-182 ◽  
Author(s):  
CRISTIANO ANTONELLI ◽  
MORRIS TEUBAL
Keyword(s):  
Property Rights ◽  
Economies Of Scope ◽  
High Tech ◽  
Useful Knowledge ◽  
The Public ◽  
Knowledge Based ◽  
Venture Capitalism ◽  
Knowledge Intensive ◽  
Efficiency Effects ◽  
Start Ups

AbstractVenture capitalism is a major institutional innovation based on identifying economies of scope in transactions of technological knowledge, bundled with managerial competence, reputation, screening procedures, and equity. It has paved the way to the emergence of new surrogate markets for knowledge, i.e. financial markets specialized in trading knowledge-intensive property rights. This development has important benefits in terms of risk management and hence profitability of investments in high-tech start-ups. The dynamic efficiency effects of the new institution also derive from the fact that the public at large, through its investments in knowledge-based income streams, contributes to the creation of new economically useful knowledge and capabilities.

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