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Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories

Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories Agency and stewardship theories are prominent perspectives to examine myriad issues within family firms. Although considered opposing theories, both address the same phenomena: the individual-level behaviors and firm-level governance mechanisms that predict organizational outcomes. Accordingly, we review and synthesize these theories concurrently, using the concepts of behavior and governance as our organizing framework. Our review encompasses 107 family firm articles grounded in agency and/or stewardship theory, published between 2000 and 2014 in 24 journals across several disciplines. Additionally, we identify future research areas that provide scholars opportunities to push theoretical boundaries and offer further insights into the family firm. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Family Business Review SAGE

Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories

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References (166)

Publisher
SAGE
Copyright
© The Author(s) 2015
ISSN
0894-4865
eISSN
1741-6248
DOI
10.1177/0894486515594292
Publisher site
See Article on Publisher Site

Abstract

Agency and stewardship theories are prominent perspectives to examine myriad issues within family firms. Although considered opposing theories, both address the same phenomena: the individual-level behaviors and firm-level governance mechanisms that predict organizational outcomes. Accordingly, we review and synthesize these theories concurrently, using the concepts of behavior and governance as our organizing framework. Our review encompasses 107 family firm articles grounded in agency and/or stewardship theory, published between 2000 and 2014 in 24 journals across several disciplines. Additionally, we identify future research areas that provide scholars opportunities to push theoretical boundaries and offer further insights into the family firm.

Journal

Family Business ReviewSAGE

Published: Mar 1, 2016

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