Agency vs. stewardship: performance, strategic flexibility and risk

Enhancing Strategic Flexibility and Performance through Risk Management: the Enabling Role of It Integration

Preliminary Draft Please do not quote without permission. of Central Florida for their valuable feedback on earlier versions of this manuscript. We also thank Randy Kuhn for his research assistance. Abstract Since the passage of the Sarbanes-Oxley Act in the U.S., the business press has consistently reported on companies' and business consortiums' proclamations of the negative effect of new int...

Community orientation, strategic flexibility, and financial performance in hospitals.

The objective of this study was to examine how community orientation and strategic flexibility affect accounting measures of financial performance in acute care hospitals. This cross-sectional study used organizational data from the American Hospital Association, environmental data from the Area Resource File, and financial data from the Healthcare Cost Report Information System. We tested our ...

Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family Businesses

Two contradictory perspectives of family business conduct and performance are prominent in the literature. The stewardship perspective argues that family business owners and managers will act as farsighted stewards of their companies, investing generously in the business to maximize its value for all stakeholders. By contrast, the agency and behavioural agency perspectives maintain that major f...

Strategic Flexibility in Mating Intelligence

I. Strategic, Economic and Flexibility Aspects

This is a report of a study on the evolution of manufacturing technology policy during the deployment of domestic advanced manufacturing systems in thirty-four plants and two panels of data collection separated by one year. Changing firm environment was significantly correlated with pioneering product introduction business strategy (p < 0.05). More importantly, it was found that manufacturing t...