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Indian School of Business Working Paper Archives - Ideas for Leaders

A Symphony of Agency and Stewardship Values Ensures Family Business Success

Both agency theory and stewardship theory help explain organizational dynamics, although starting from very different assumptions. Agency theory describes the relationship between the shareholders (called ‘principals’) and the company’s managers and executives (called ‘agents’) as a collaboration between parties with different interests: principals are focused on the success of the company while agents are focused […]

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