IDEAS home Printed from https://ideas.repec.org/a/wly/buseth/v34y2025i4p2137-2157.html

Institutional Imprinting as a Source of Managerial Attention Priority: A Behavioral Theory of Hybrid Organizations

Author

Listed:
  • Heng Zhang
  • Binglin Gong

Abstract

Hybrid organizations that pursue both financial and social goals have gained significant attention within the field of corporate social responsibility (CSR). Furthermore, an ongoing concern within hybrid organization research centers on the tensions between multiple goals. We establish a behavioral theory of hybrid organizations based on both the behavioral theory of the firm (BTOF) and imprinting theory to interpret the patterns of simultaneous or sequential pursuit of conflicting goals. Drawing evidence from China's mixed‐ownership enterprises (MOEs), we examine the impact of institutional imprinting on managerial attention priority. Our findings show that originally state‐owned MOEs simultaneously pursue financial and social goals, while originally privately‐owned MOEs sequentially pursue dual goals. Moreover, the persistence and decay of this institutional imprint are affected by internal and external sources of coalition power. By examining how financial performance feedback impacts tensions of dual goals, we contribute to the literature dialogue between hybrid organizations and BTOF.

Suggested Citation

  • Heng Zhang & Binglin Gong, 2025. "Institutional Imprinting as a Source of Managerial Attention Priority: A Behavioral Theory of Hybrid Organizations," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 34(4), pages 2137-2157, October.
  • Handle: RePEc:wly:buseth:v:34:y:2025:i:4:p:2137-2157
    DOI: 10.1111/beer.12759
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/beer.12759
    Download Restriction: no

    File URL: https://libkey.io/10.1111/beer.12759?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rodolphe Durand & Robert M. Grant & Tammy L. Madsen & Eric Yanfei Zhao & Greg Fisher & Michael Lounsbury & Danny Miller, 2017. "Optimal distinctiveness: Broadening the interface between institutional theory and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 38(1), pages 93-113, January.
    2. Caroline Flammer, 2018. "Competing for government procurement contracts: The role of corporate social responsibility," Strategic Management Journal, Wiley Blackwell, vol. 39(5), pages 1299-1324, May.
    3. Vibha Gaba & Henrich R. Greve, 2019. "Safe or Profitable? The Pursuit of Conflicting Goals," Organization Science, INFORMS, vol. 30(4), pages 647-667, July.
    4. Michael C. Jensen, 2010. "Value Maximization, Stakeholder Theory, and the Corporate Objective Function," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 32-42, January.
    5. Chacko G. Kannothra & Stephan Manning & Nardia Haigh, 2018. "How Hybrids Manage Growth and Social–Business Tensions in Global Supply Chains: The Case of Impact Sourcing," Journal of Business Ethics, Springer, vol. 148(2), pages 271-290, March.
    6. Liang Chen & Sali Li & Jiang Wei & Yang Yang, 2022. "Externalization in the platform economy: Social platforms and institutions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1805-1816, October.
    7. Caroline Flammer, 2015. "Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach," Management Science, INFORMS, vol. 61(11), pages 2549-2568, November.
    8. Tomasz Obloj & Metin Sengul, 2020. "What do multiple objectives really mean for performance? Empirical evidence from the French manufacturing sector," Strategic Management Journal, Wiley Blackwell, vol. 41(13), pages 2518-2547, December.
    9. Yuehua Xu & Guangtao Zeng, 2021. "Corporate social performance aspiration and its effects," Asia Pacific Journal of Management, Springer, vol. 38(4), pages 1181-1207, December.
    10. Chirag Kasbekar, 2020. "Adaptation of New Organizations to Legitimacy Shocks: Postbellum Firearms Firms in the U.S. South, 1866–1914," Organization Science, INFORMS, vol. 31(2), pages 355-377, March.
    11. March, James G., 1988. "Variable risk preferences and adaptive aspirations," Journal of Economic Behavior & Organization, Elsevier, vol. 9(1), pages 5-24, January.
    12. Chang, Chun & Chen, Xin & Liao, Guanmin, 2014. "What are the reliably important determinants of capital structure in china?," Pacific-Basin Finance Journal, Elsevier, vol. 30(C), pages 87-113.
    13. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    14. Tomasz Obloj & Metin Sengul, 2020. "What Do Multiple Objectives Really Mean for Performance? Empirical Evidence from the French Manufacturing Sector," Working Papers hal-02896084, HAL.
    15. David H. Hsu & Jeffrey M. Kuhn, 2023. "Academic stars and licensing experience in university technology commercialization," Strategic Management Journal, Wiley Blackwell, vol. 44(3), pages 887-905, March.
    16. Paula L. Rechner & Dan R. Dalton, 1991. "CEO duality and organizational performance: A longitudinal analysis," Strategic Management Journal, Wiley Blackwell, vol. 12(2), pages 155-160, February.
    17. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
    18. Sebastian Raisch & Julian Birkinshaw & Gilbert Probst & Michael L. Tushman, 2009. "Organizational Ambidexterity: Balancing Exploitation and Exploration for Sustained Performance," Organization Science, INFORMS, vol. 20(4), pages 685-695, August.
    19. Luca Berchicci & Murat Tarakci, 2022. "Aspiration formation and attention rules," Strategic Management Journal, Wiley Blackwell, vol. 43(8), pages 1575-1601, August.
    20. Curtis L. Wesley & Gregory W. Martin & Darryl B. Rice & Connor J. Lubojacky, 2022. "Do the Right Thing: The Imprinting of Deonance at the Upper Echelons," Journal of Business Ethics, Springer, vol. 180(1), pages 187-213, September.
    21. Daniel W. Elfenbein & Ray Fisman & Brian Mcmanus, 2012. "Charity as a Substitute for Reputation: Evidence from an Online Marketplace," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(4), pages 1441-1468.
    22. Xuezhou Zhao & Libing Fang & Ke Zhang, 2022. "How Foreign Institutional Shareholders' Religious Beliefs Affect Corporate Social Performance?," Journal of Business Ethics, Springer, vol. 178(2), pages 377-401, June.
    23. Weilei (Stone) Shi & Sunny Li Sun & Daying Yan & Zhu Zhu, 2017. "Institutional fragility and outward foreign direct investment from China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(4), pages 452-476, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniel Dongil Keum & Stephen Ryan, 2024. "Strategic Upward Striving Toward $100 Million Revenue: Setting Goals to Attract External Attention," Organization Science, INFORMS, vol. 35(3), pages 974-993, May.
    2. Cheng, Cong & Chen, Linyi, 2025. "Profitability and CSR: Inconsistent performance feedback and OFDI location choices for firms in emerging countries," Journal of International Management, Elsevier, vol. 31(6).
    3. Cédric Gutierrez & Tomasz Obloj & Douglas H. Frank, 2021. "Better to have led and lost than never to have led at all? Lost leadership and effort provision in dynamic tournaments," Strategic Management Journal, Wiley Blackwell, vol. 42(4), pages 774-801, April.
    4. Naeem Tabassum & Satwinder Singh, 2020. "Corporate Governance and Organisational Performance," Springer Books, Springer, number 978-3-030-48527-6, January.
    5. Zhang, Hongyan & Zhang, Lin, 2023. "Public support and energy innovation: Why do firms react differently?," Energy Economics, Elsevier, vol. 119(C).
    6. Tomasz Obloj & Metin Sengul, 2020. "What do multiple objectives really mean for performance? Empirical evidence from the French manufacturing sector," Strategic Management Journal, Wiley Blackwell, vol. 41(13), pages 2518-2547, December.
    7. Paul McGuinness & Kevin Lam & João Vieito, 2015. "Gender and other major board characteristics in China: Explaining corporate dividend policy and governance," Asia Pacific Journal of Management, Springer, vol. 32(4), pages 989-1038, December.
    8. Wang, Zhixiao & Kong, Dongmin & Liu, Shasha, 2024. "Corporate social responsibility and firm-level systematic risk: The moderating effect of economic policy uncertainty," International Review of Financial Analysis, Elsevier, vol. 94(C).
    9. Xiao, Xiaohong & Peng, Jinxia & He, Xiaogang, 2024. "Reasons for M&A: A perspective from senior executives' rural experiences- Evidence from Chinese private listed companies," International Review of Financial Analysis, Elsevier, vol. 93(C).
    10. Cyndi Man Zhang & Helen Wei Hu & Toru Yoshikawa, 2025. "Shareholder Satisfaction or Societal Benefit? Coalition Support and Goal Prioritization," Journal of Business Ethics, Springer, vol. 202(2), pages 307-334, November.
    11. Sourobh Ghosh & Andy Wu, 2023. "Iterative Coordination and Innovation: Prioritizing Value over Novelty," Organization Science, INFORMS, vol. 34(6), pages 2182-2206, November.
    12. Marwan Al-Shammari & Soumendra Nath Banerjee & Abdul Rasheed & Hussam Al-Shammari & Krist Swimberghe, 2025. "Sameness and/or Otherness: What Matters More for Narcissist CEOs in the Context of Non-market Strategy?," Journal of Business Ethics, Springer, vol. 199(1), pages 85-112, June.
    13. Li, Tao & Wang, Yan & Li, Haomin, 2023. "Corporate social responsibility and insider trading profitability: Evidence from an emerging market," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    14. Kamini Gupta & Donal Crilly & Thomas Greckhamer, 2020. "Stakeholder engagement strategies, national institutions, and firm performance: A configurational perspective," Strategic Management Journal, Wiley Blackwell, vol. 41(10), pages 1869-1900, October.
    15. repec:hum:wpaper:sfb649dp2007-059 is not listed on IDEAS
    16. Martin Kyere & Marcel Ausloos, 2021. "Corporate governance and firms financial performance in the United Kingdom," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 1871-1885, April.
    17. Aseem Kaul & Jiao Luo, 2018. "An economic case for CSR: The comparative efficiency of for‐profit firms in meeting consumer demand for social goods," Strategic Management Journal, Wiley Blackwell, vol. 39(6), pages 1650-1677, June.
    18. Erik G. Hansen & Stefan Schaltegger, 2018. "Sustainability Balanced Scorecards and their Architectures: Irrelevant or Misunderstood?," Journal of Business Ethics, Springer, vol. 150(4), pages 937-952, July.
    19. Ferrell, Allen & Liang, Hao & Renneboog, Luc, 2016. "Socially responsible firms," Journal of Financial Economics, Elsevier, vol. 122(3), pages 585-606.
    20. Wu, Jianfeng & Tu, Rungting, 2007. "CEO stock option pay and R&D spending: a behavioral agency explanation," Journal of Business Research, Elsevier, vol. 60(5), pages 482-492, May.
    21. Ali, Abdul & Mancha, Ruben & Pachamanova, Dessislava, 2018. "Correcting analytics maturity myopia," Business Horizons, Elsevier, vol. 61(2), pages 211-219.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:buseth:v:34:y:2025:i:4:p:2137-2157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://onlinelibrary.wiley.com/journal/26946424 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.