Abstract
Since the late 20th Century new organizational forms for community based enterprise have been established by legislatures in North America and at least ten countries in Europe. These new legal forms have received little focused attention in the organizational and management literature yet explanations for their emergence and orientation have important implications for theorizing when and why new organizational forms emerge. We develop a framework to theorize a relationship between political, economic and social turbulence and the creation of community based enterprise, and explain why innovation in the institution of property rights plays a central role in reorienting forms of enterprise towards community benefit. We conclude by mapping an agenda for researching the organizational processes and performance of community based enterprise.
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