Stewardship Theory: Realism, Relevance, and Family Firm Governance

Volume: 43, Issue: 6, Pages: 1051 - 1066
Published: Apr 12, 2019
Abstract
Stewardship theory is a popular alternative to agency theory for studying family firm governance. Despite its contributions to management and family business studies, stewardship theory’s assumptions limit its realism and relevance. Using agency theory as a standard of comparison, I discuss stewardship theory’s model of man and its assumptions concerning goal alignment and control systems. I also discuss stewardship theory’s lack of assumptions...
Paper Details
Title
Stewardship Theory: Realism, Relevance, and Family Firm Governance
Published Date
Apr 12, 2019
Volume
43
Issue
6
Pages
1051 - 1066
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