Researchers: Julian Le Grand, Jonathan Roberts, Jack Winterton
Following the failure of states, markets and charities to resolve persistent social problems, a hybrid economy is emerging. New organisational forms and new multi-actor collaborations blend outcomes, behaviours and structures drawn from different sectors with the aim of achieving both social and financial returns.
These developments raise important technical, theoretical and policy questions about the ownership structures of hybrid organisations and interventions, the conditions under which they may possess a comparative advantage as a remedy for market, state and charity failures, and their relationship to government in conditions of austerity and a growing demand for services. Julian Le Grand, Jonathan Roberts and Jack Winterton are undertaking research that explores this hybrid economy, drawing in particular upon economic, psychological and organisational theory to investigate motivations, incentives and information flows within and around hybrid organisations.
Specific current research focuses are:
- Do ethical corporate behaviours improve staff productivity?
- Social enterprises and market creation.
Publications:
Le Grand, J. and Roberts, J., 2021. 'Hands, Hearts and Hybrids: Economic Organization, Individual Motivation and Public Benefit'. LSE Public Policy Review, 1(3), p.1. DOI: http://doi.org/10.31389/lseppr.20