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Toward a Stewardship Theory of Management

James H. Davis, F. David Schoorman and Lex Donaldson
The Academy of Management Review
Vol. 22, No. 1 (Jan., 1997), pp. 20-47
Published by: Academy of Management
Stable URL: http://www.jstor.org/stable/259223
Page Count: 28
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Toward a Stewardship Theory of Management
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Abstract

Recent thinking about top management has been influenced by alternative models of man.1 Economic approaches to governance such as agency theory tend to assume some form of homo-economicus, which depict subordinates as individualistic, opportunistic, and self-serving. Alternatively, sociological and psychological approaches to governance such as stewardship theory depict subordinates as collectivists, pro-organizational, and trustworthy. Through this research, we attempt to reconcile the differences between these assumptions by proposing a model based upon the subordinate's psychological attributes and the organization's situational characteristics.

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