Journal of Business and Leadership · 2007 · 41 citations · 0 references
ManagementCorporate GovernanceOrganization StudiesBoard LeadershipCorporate StrategyOrganizational TheoryBoard CompositionBoard StructureBoard-executive RelationsCorporate Decision-makingCorporate Governance MechanismsOwnership StructureBoard CharacteristicsCeo OversightCorporate StewardshipGovernance OrientationGovernance Structure AnalysisOwnership Structure EffectsStewardship Orientation
This study tests the model of Davis, Schoorman, and Donaldson (1997) that proposed determinants of a company’s governance structure. In particular, we focus on the stewardship theory aspects of the model and its ability to predict the presence of a stewardship-orientation CEO at publicly listed U.S. companies. Using survey based data obtained from CEOs and directors of 100 companies in a match-pair design, we identified three variables that predicted the occurrence of stewardship-oriented behaviors by the company’s CEO. These results lend support for the model’s ability to predict the conditions under which stewardship-oriented individuals become CEOs.