Principal-Agent Relationships on the Stewardship-Agency Axis

  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},
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

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