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Author:Angwin, D.
Stern, P.
Bradley, S.
Title:Agent or steward: the target CEO in a hostile takover: can a condemned agent be redeemed?
Journal:Long Range Planning
2004 : JUN, VOL. 37:3, p. 239-257
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Language:eng
Abstract:Thus article examines the differences, tensions and overlaps between agency and stewardship theories of corporate governance. In examining the target CEO's actions, the article suggests there is more complexity than these two theories acknowledge and the relationship between them is not one of simple opposition. It identifies a framework for making sense of CEO/stakeholder relationships, and highlights the importance to boards of understanding how CEOs manage differential stakeholder pressures over time.
SCIMA record nr: 255920
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