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What is Agency Stew Rad Ship Governance about?
This working paper explores the relevance of agency and stewardship theories in the context of family-controlled businesses (FCBs). It argues that the interplay of both theories can address governance challenges and contribute to the sustainability of family businesses. The paper discusses the characteristics of each theory, their application at different organizational lifecycle stages, and the importance of aligning interests between principals and agents for organizational success.
- Author
- kashif hamid
- Language
- EN