Abstract
Using the organizational ecosystem perspective, we investigate relationships between hybrid companies, mainstream for-profit firms, and nonprofit organizations within a geographically-bounded ecosystem, and how these relationships are influenced by local contextual factors. We analyze panel data from 264 US Metropolitan Statistical Areas across 16 years. We find that hybrid companies tend to be positively related to the presence of nonprofit organizations in an ecosystem, whereas the interaction between entrepreneurial activity and nonprofit organizations elicits fewer hybrids. We conclude that the role of hybrid companies in local entrepreneurial ecosystems is nuanced and differentiated from that of mainstream for-profit firms or nonprofit organizations.
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