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A Leadership Perspective of Reciprocal Stewardship in Family Firms

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  • Allison W. Pearson
  • Laura E. Marler

Abstract

Davis, Allen, and Hayes found that family members employed by the family firm reported significantly higher levels of perceived stewardship than nonfamily members. We extend their research by exploring how stewardship in family firms can be further expanded throughout the firm using the theoretical perspective of leader–member exchange (LMX) theory. Particularly in family firms, the leader's stewardship behaviors may establish a culture of stewardship throughout the firm. The resulting reciprocal stewardship behaviors of employees can be explained through LMX mechanisms. Propositions are offered to explore conditions where the family firm context provides a unique opportunity for creating a culture of reciprocal stewardship.

Suggested Citation

  • Allison W. Pearson & Laura E. Marler, 2010. "A Leadership Perspective of Reciprocal Stewardship in Family Firms," Entrepreneurship Theory and Practice, , vol. 34(6), pages 1117-1124, November.
    • Handle: RePEc:sae:entthe:v:34:y:2010:i:6:p:1117-1124
    DOI: 10.1111/j.1540-6520.2010.00416.x
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    References listed on IDEAS

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    1. James H. Davis & Mathew R. Allen & H. David Hayes, 2010. "Is Blood Thicker Than Water? A Study of Stewardship Perceptions in Family Business," Entrepreneurship Theory and Practice, , vol. 34(6), pages 1093-1116, November.
    2. Jean‐Luc Arregle & Michael A. Hitt & David G. Sirmon & Philippe Very, 2007. "The Development of Organizational Social Capital: Attributes of Family Firms," Journal of Management Studies, Wiley Blackwell, vol. 44(1), pages 73-95, January.
    3. Shaker A. Zahra & James C. Hayton & Donald O. Neubaum & Clay Dibrell & Justin Craig, 2008. "Culture of Family Commitment and Strategic Flexibility: The Moderating Effect of Stewardship," Entrepreneurship Theory and Practice, , vol. 32(6), pages 1035-1054, November.
    4. Guido Corbetta & Carlo Salvato, 2004. "Self–Serving or Self–Actualizing? Models of Man and Agency Costs in Different Types of Family Firms: A Commentary on “Comparing the Agency Costs of Family and Non–family Firms: Conceptual Issu," Entrepreneurship Theory and Practice, , vol. 28(4), pages 355-362, July.
    5. Jean-Luc Arrègle & Michael Hitt & David Sirmon & Philippe Véry, 2007. "The Development of Organizational Social Capital : Attributes of Family Firms," Post-Print hal-02312687, HAL.
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