Principal-Agent Relationships on the Stewardship-Agency Axis

@inproceedings{Caers2006PrincipalAgentRO,
  title={Principal-Agent Relationships on the Stewardship-Agency Axis},
  author={Ralf Caers and Cindy Du Bois and Marc Jegers and Sara De Gieter and Catherine Schepers and Roland Pepermans},
  year={2006}
}
This article provides an overview of the literature on nonprofit principal-agent relationships. It depicts the nature of agency theory and stewardship theory, analyzes the origin of their struggle within the nonprofit structure, and marks directions for a conciliatory approach. We open with an introduction to agency theory and discuss the two main components of its mathematical branch. We thereby contrast it with stewardship theory and elaborate on the arguments that can affect the position of… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.
7 Citations
70 References
Similar Papers

References

Publications referenced by this paper.
Showing 1-10 of 70 references

Composition and Performance of Nonprofit Boards of Directors.

  • W. A. Brown
  • Journal of Applied Management and…
  • 2002
Highly Influential
4 Excerpts

Toward a Stewardship Theory of Management.

  • J. H. Davis, F. D. Schoorman, L. Donaldson
  • Academy of Management Review,
  • 1997
Highly Influential
5 Excerpts

Agency and Efficiency in Nonprofit Organizations: The Case of ‘Specific Health Focus

  • J. L. Callen, H. Falk
  • Charities.” The Accounting Review,
  • 1993
Highly Influential
11 Excerpts

Serving the People or Serving for Pay: Reward Preferences Among Government, Hybrid Sector and Business Managers.

  • D. Wittmer
  • Public Productivity and Management Review,
  • 1991
Highly Influential
6 Excerpts

Profits and Incentive Compensation in Nonprofit Firms.

  • R. Steinberg
  • Nonprofit Management and Leadership,
  • 1990
Highly Influential
6 Excerpts

A Survey of Agency Models of Organizations.

  • D. Levinthal
  • Journal of Economic Behavior and Organization,
  • 1988
Highly Influential
4 Excerpts

A Musical Note on the Efficiency Wage Hypothesis: Programmings, Wages, and Budgets of American Symphony Orchestras.

  • T. Ito, D. Domian
  • Economics Letters,
  • 1987
Highly Influential
5 Excerpts

Similar Papers

Loading similar papers…