Naslov
Top management turnover from stewardship theory perspective

Autori
Tipurić, Darko ; Podrug, Najla

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Management, Governance, and Entrepreneurship. New Perspectives and Challenges

Urednik/ci
Tipurić, Darko ; Dabić, Marina

Izdavač
Accent Press

Godina
2012

Raspon stranica
342-362

ISBN
978-0-9562471-7-9

Ključne riječi
stewardship theory, top management turnover

Sažetak
Stewardship theory rejects fundamental postulates of agency theory and enlightens in a different way the phenomenon of top management turnover. From stewardship theory perspective managers are not self-interested and primarily take account of organizational interest ; they try to do their work properly and they try to be good managers of organizational assets. Managers – stewards build trust and develop organizational commitment what will consequently result in achieving normative and instrumental organizational goals. Stewardship relation is absolutely diverse to agency relation, with interpersonal trust between principal and manager as fundamental category. Distrust or loss of trust may explain the phenomenon of top management turnover regardless whether it occurs in situation when corporate control changes or not. There are many examples of managerial behaviour in business world which could be characterized as attributes of stewardship relation. However, in literature there are none theoretical or empirical papers that deal with management turnover from stewardship theory perspective. Our goal is to develop research assumptions concerning methods and types of top management turnover when stewardship relations are dominant in governing structures.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA