Is Blood Thicker than Water? A Study of Stewardship Perceptions in Family Business

@inproceedings{Davis2010IsBT,
  title={Is Blood Thicker than Water? A Study of Stewardship Perceptions in Family Business},
  author={James Herbert Davis and Mathew R. Allen and Harry D. Hayes},
  year={2010}
}
Stewardship theory has been used to explain the culture and relationships within family businesses. Researchers have also demonstrated that stewardship leads to superior family business performance. To date, few empirical analyses have examined the situational mechanisms associated with stewardship in family business. This paper examines the role of the family in explaining stewardship within a family business, including the role of trust, value commitment, and agency. We find that value… CONTINUE READING

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