The application of Agency and Stewardship theories in family businesses: analysis from a qualitative approach
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Abstract
This paper reviews Agency and Stewardship theories concepts, as well as, manager’s characteristics and aptitudes used in each theory application in familiar businesses. Choosing the right theory for a business will depend on manager’s aptitudes and experience, according to the reality. Government, in a familiar business, is the management axis to maintain family union and business prosperity too. Familiar businesses development is usually measured by: 1) Property; 2) Number of shareholders; 3) Number of family members; and 4) Familiar leadership.
DOI: https://doi.org/10.31164/bcoyu.14.2017.636
URL: http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/636
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