TY  - JOUR
U1  - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed)
A1  - Giones, Ferran
A1  - Ungerer, Christina
A1  - Baltes, Guido H.
T1  - Balancing financial, social, and environmental values - can new ventures make an impact without sacrificing profits?
JF  - International Journal of Entrepreneurial Venturing (IJEV)
N2  - What drives entrepreneurial action to create a lasting impact? The creation of new ventures that aim at having  an impact beyond their  financial performance face  additional challenges:  achieving economic  sustainability and at the  same time addressing social  or environmental issues. Little is known on how these new hybrid organizations, aiming for multiple impact dimensions, manage to be congruent with their blended values. A dataset of 4,125 early-stage ventures is used to gain insights into how blended values are converted into financial, social and environmental impacts, giving  shape to different types of  hybrid organizations. Our  findings suggest new hybrid  organizations might opt to  sacrifice financial impact to  achieve social impact, yet this is not the case when they aim to generate environmental or sustainable impact. Therefore, the tensions and sacrifices related to holding blended values are not homogeneous across all types of new hybrid organizations.
KW  - Venture creation
KW  - Hybrid organizations
KW  - Blended values
KW  - Social impact
KW  - Entrepreneurship
Y1  - 2020
SN  - 1742-5360
SS  - 1742-5360
SN  - 1742-5379
SS  - 1742-5379
U6  - https://doi.org/10.1504/IJEV.2020.105138
DO  - https://doi.org/10.1504/IJEV.2020.105138
VL  - 12
IS  - 1
SP  - 39
EP  - 57
PB  - Inderscience Enterprises
CY  - Genève [u.a.]
ER  -