Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/195125
Authors: 
Valentinov, Vladislav
Year of Publication: 
2015
Citation: 
[Journal:] Administration & Society [ISSN:] 1552-3039 [Volume:] 47 [Issue:] 9 [Publisher:] Sage Periodicals Press [Place:] Thousand Oaks, CA [u.a.] [Year:] 2015 [Pages:] 1126-1133
Publisher: 
Sage Periodicals Press, Thousand Oaks, CA [u.a.]
Abstract: 
Agafonow’s article locates the role of social enterprises in devolving value through output maximizing behavior. This short paper embeds Agafonow’s argument in the societal and institutional context by building upon Luhmann’s social systems theory. According to Luhmann, the functional system of the economy exhibits “imperatives” that cause social ills. The institutional form of social enterprises is shown to weaken these imperatives in several ways. One of these ways, discussed by Agafonow, is the substitution of profit maximization by output maximization. Other ways are the substitution of high-powered incentives by low-powered ones as elaborated in the work of Williamson and Hansmann.
Subjects: 
value devolution
social enterprises
Niklas Luhmann
Oliver Williamson
Henry Hansmann
Persistent Identifier of the first edition: 
Additional Information: 
Dieser Beitrag ist mit Zustimmung des Rechteinhabers aufgrund einer (DFG-geförderten) Allianz- bzw. Nationallizenz frei zugänglich / This publication is with permission of the rights owner freely accessible due to an Alliance licence and a national licence (funded by the DFG, German Research Foundation) respectively.
Document Type: 
Article
Document Version: 
Published Version

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