• Corpus ID: 155512786

Menuju Teori Stewardship Manajemen

@inproceedings{Antn2010MenujuTS,
  title={Menuju Teori Stewardship Manajemen},
  author={F. Ant{\'o}n},
  year={2010}
}
Agency theory assumes that there are two parties involved in the existence of the company , namely the principal and agent. In the analogy in this case, principals are shareholders while the agent is a manager of the company concerned. In agency theory, the assumptions used are self serving, meaning that both principal and agent, will attempt to fulfill their interests (maximum utility). Stewardship theory comes from a different model of human behavior that is applied within an organization… 

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References

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TOWARD A STEWARDSHIP THEORY OF MANAGEMENT

Recent thinking about top management has been influenced by alternative models of man.1 Economic approaches to governance such as agency theory tend to assume some form of homo-economicus, which

Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns

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