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Cited by 3,552

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns

Donaldson, Lex, Davis, James H.·1991·Australian Journal of Management

Abstract

Agency theory argues that shareholder interests require protection by separation of incumbency of rôles of board chair and CEO. Stewardship theory argues shareholder interests are maximised by shared incumbency of these rôles. Results of an empirical test fail to support agency theory and provide some support for stewardship theory.

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Metadata

Authors
Donaldson, L., & Davis, J. H.
Venue
Australian Journal of Management
Published
1991-06
Volume
16
Issue
1
Pages
49-64
ISSN
  • 0312-8962 (ISSN-L)
  • 1327-2020
OpenAlex
W2045427766
Cited by
3,552
References
1
FWCI
20.13
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. https://app.cochat.ai/papers/10.1177/031289629101600103
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Donaldson, L., & Davis, J. H. (1991). Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns. Australian Journal of Management. https://doi.org/10.1177/031289629101600103

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.