Corporate Foundations as Hybrid Organizations: A Systematic Review of Literature

The rise and global reach of the corporate foundation (CF) phenomenon has attracted the attention of academic researchers and practitioners and led to a plurality of definitions and understandings. This definitional fuzziness notwithstanding, the term hybridity is widely used as the defining characteristic to describe a CF's position between business and civil society and its diverse interlinkages with its founding company. However, the extant literature has seldom explained what hybridity signifies, when it occurs and how it is shown. This paper presents the findings of a systematic review of the academic and gray literature on CFs. Based on 80 publications covering 30 countries worldwide, this study proposes 15 characteristics along four global themes as a comprehensive set to account for the complexity of CFs. It develops propositions for a fine-grained understanding of what constitutes the hybrid nature of CFs at the strategic, organizational and contextual levels. Accordingly, this study suggests ways forward by revealing questions that require further research toward a better understanding of the CF phenomenon.