1998
DOI: 10.1111/1467-8683.00076
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Stewardship Theory and Board Structure: a contingency approach

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Cited by 493 publications
(401 citation statements)
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“…The directors' ages may also influence corporate strategy (e.g., R&D spending) and performance because of differences in wisdom, energy, risk aversion, and conservatism (Wiersema and Bantel, 1992;Muth and Donaldson, 1998;Barker and Mueller, 2002).…”
Section: Control Variablesmentioning
confidence: 99%
“…The directors' ages may also influence corporate strategy (e.g., R&D spending) and performance because of differences in wisdom, energy, risk aversion, and conservatism (Wiersema and Bantel, 1992;Muth and Donaldson, 1998;Barker and Mueller, 2002).…”
Section: Control Variablesmentioning
confidence: 99%
“…CEO participation in board discussions and decision-making can facilitate effective communication and motivate CEOs (e.g., Brickley at al., 1997;Muth and Donaldson, 1998), but may also be associated with significant agency problems (e.g., Bebchuck and Fried, 2004;Fama and Jensen, 1983). Apparently persuaded by the latter view, the NZX Best Practice Code recommends that the CEO should not fill the role of board chair, nor sit on the audit committee.…”
Section: Ceo Involvementmentioning
confidence: 99%
“…The utility that they gain from pro-organisational behaviours is higher than the utility that could be gained through individualistic, self-serving behaviours. This theory suggests that stewards believe that their interests are aligned with those of the corporation that engaged them (Muth & Donaldson, 1998). Ideally, the stewards ought to be committed to improve their organisational performance rather than satisfying their personal motivations.…”
Section: The Stewardship Theorymentioning
confidence: 99%
“…IIRC's <IR> Framework emphasises the stewardship of multiple capitals, including; financial, manufactured, intellectual, human, social and natural capital. In the past, the accountability of social and environmental capitals has often been found to be completely lacking in financial reporting (Adams et al, 2016;Muth & Donaldson, 1998). In addition, some anecdotal evidence suggests that companies are not always presenting a true and fair view of their negative impacts.…”
Section: The Stewardship Theorymentioning
confidence: 99%
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