Abstract
Using Davis, Donaldson and Schoorman’s (1997) conceptual stewardship theory arguments, in this exploratory research we cautiously progress from theory development to theory testing and examine the application of stewardship theory concepts in a third generation South Korean family business. We explore how this family business has been able to successfully transition leadership on multiple occasions and examine ways in which agency costs are ameliorated by stewardship theory rooted initiatives.
We respond to researchers who have contributed to the development of stewardship theory and who are united in their call for studies that validate the conceptual principles developed over the past two decades.
We respond to researchers who have contributed to the development of stewardship theory and who are united in their call for studies that validate the conceptual principles developed over the past two decades.
Translated title of the contribution | Family and Business Stewardship in a Third Generation South Korean Family Business |
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Original language | English |
Pages (from-to) | 1-13 |
Number of pages | 13 |
Journal | 기업가정신과 벤처연구 |
Volume | 16 |
Issue number | 2 |
State | Published - May 2013 |