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Can I read Toward a Stewardship Theory of Management on EtoBox?
Toward a Stewardship Theory of Management by James H. Davis; F. David Schoorman; Lex Donaldson is a Business, Management and Accounting article available to read on EtoBox.
What is Toward a Stewardship Theory of Management about?
Recent thinking about top management has been influenced by alternative models of man.' Economic approaches to governance such as agency theory tend to assume some form of homo-economicus, which depict subordinates as individualistic, opportunistic, and selfserving. Alternatively, sociological and psychological approaches to governance such as stewardship theory depict subordinates as collectivists, pro-organizational, and trustworthy. Through this research, we attempt to reconcile the differences between these assumptions by proposing a model based upon the subordinate's psychological attributes and the organization's situational characteristics. Organization theory and business policy have been strongly influenced by agency theory, which depicts top managers in the large modern corporation as agents whose interests may diverge from those of their principals, the shareholders where both parties are utility maximizers (Jensen & Meckling, 1976). According to agency theory, losses to the principal resulting from interest divergence may be curbed by imposing control structures upon the agent. Although agency theory appears to be the dominant paradigm underlying most governance researc
Who reads Toward a Stewardship Theory of Management?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- James H. Davis; F. David Schoorman; Lex Donaldson
- Publisher
- Academy of Management
- Published
- 1997
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)