The DOI matches its Crossref record; 158 of the 158 references it cites were found in a registry or an index.
Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories
Open accessAbstract
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.
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Cites
Theory of the firm: Managerial behavior, agency costs and ownership structure
Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491
Separation of Ownership and Control
Fama, E. F., & Jensen, M. C. (1983) · The Journal of Law and Economics · doi:10.1086/467037 · Cited by 19,058
Exchange and Power in Social Life
Blau, P. M. (2017) · doi:10.4324/9780203792643 · Cited by 15,923
Exchange and Power in Social Life.
Bierstedt, R., & Blau, P. M. (1965) · American Sociological Review · doi:10.2307/2091154 · Cited by 13,624
Agency Theory: An Assessment and Review
Eisenhardt, K. M. (1989) · The Academy of Management Review · doi:10.5465/amr.1989.4279003 · Cited by 13,338
Agency Problems and the Theory of the Firm
Fama, E. F. (1980) · Journal of Political Economy · doi:10.1086/260866 · Cited by 10,466
Social Exchange Theory: An Interdisciplinary Review
Cropanzano, R., & Mitchell, M. S. (2005) · Journal of Management · doi:10.1177/0149206305279602 · Cited by 10,068
Journal of Small Business Management
(2020) · Journal of Small Business Management · doi:10.1111/(issn)1540-627x · Cited by 6,641
Toward a Stewardship Theory of Management
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997) · The Academy of Management Review · doi:10.2307/259223 · Cited by 5,316
Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
Anderson, R. C., & Reeb, D. M. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00567 · Cited by 5,122
Cited by
Are Family Firms Good Employers?
Neckebrouck, J., Schulze, W., & Zellweger, T. (2018) · Academy of Management Journal · doi:10.5465/amj.2016.0765 · Cited by 265
Family entrepreneurship as a field of research: Exploring its contours and contents
Randerson, K., Bettinelli, C., Fayolle, A., & Anderson, A. (2015) · Journal of Family Business Strategy · doi:10.1016/j.jfbs.2015.08.002 · Cited by 195
Metadata
- Authors
- Madison, K., Holt, D. T., Kellermanns, F. W., & Ranft, A. L.
- Venue
- Family Business Review
- Publisher
- SAGE Publications
- Published
- 2015-07-15
- Volume
- 29
- Issue
- 1
- Pages
- 65-93
- ISSN
- 0894-4865 (ISSN-L)
- 1741-6248
- OpenAlex
- W1788464667
- Cited by
- 338
- References
- 158
- FWCI
- 42.51
- Type
- journal article
- Language
- en
- Open access
- bronze
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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.
