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Stewards, Agents, and the Founder Discount: Executive Compensation in New Ventures
16 references·16 citing·41 second hopsampled
Stewards, Agents, and the Founder Discount: Executive Compensation in New Ventures (2006)Stewards, Agents, and the Founder Discoun…How do family ownership, control and management affect firm value? (2005)How do family ownership, cont…Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence (2002)Venture Capital and the Profe…Toward a Theory of Psychological Ownership in Organizations (2001)Toward a Theory of Psychologi…Corporate governance, chief executive officer compensation, and firm performance (1999)Corporate governance, chief e…Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1998)Theory of the Firm: Manageria…TOWARD A STEWARDSHIP THEORY OF MANAGEMENT (1997)TOWARD A STEWARDSHIP THEORY O…Alumni and their alma mater: A partial test of the reformulated model of organizational identification (1992)Alumni and their alma mater: …Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns (1991)Stewardship Theory or Agency …Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…MAKING FAST STRATEGIC DECISIONS IN HIGH-VELOCITY ENVIRONMENTS. (1989)MAKING FAST STRATEGIC DECISIO…Organizational commitment and psychological attachment: The effects of compliance, identification, and internalization on prosocial behavior. (1986)Organizational commitment and…Structural Inertia and Organizational Change (1984)Structural Inertia and Organi…Separation of Ownership and Control (1983)Separation of Ownership and C…Rank-Order Tournaments as Optimum Labor Contracts (1981)Rank-Order Tournaments as Opt…Markets, Bureaucracies, and Clans (1980)Markets, Bureaucracies, and C…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Mental Disorders in the Entrepreneurship Context: When Being Different Can Be An Advantage (2018)Mental Disorders in the Entre…Are Family Firms Good Employers? (2017)Are Family Firms Good Employe…Unpacking the CEO–Board Relationship: How Strategy Making Happens in Entrepreneurial Firms (2016)Unpacking the CEO–Board Relat…Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories (2015)Viewing Family Firm Behavior …Family- versus Lone-Founder-Controlled Public Corporations: Social Identity Theory and Boards of Directors (2014)Family- versus Lone-Founder-C…Family Control, Socioemotional Wealth and Earnings Management in Publicly Traded Firms (2014)Family Control, Socioemotiona…Economic and Technological Importance of Innovations in Large Family and Founder Firms (2013)Economic and Technological Im…Has Agency Theory Run its Course?: Making the Theory more Flexible to Inform the Management of Reward Systems (2012)Has Agency Theory Run its Cou…CEO Servant Leadership: Exploring Executive Characteristics and Firm Performance (2012)CEO Servant Leadership: Explo…Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family Businesses (2010)Stewardship or Agency? A Soci…How Important Are CEOs to CSR Practices? An Analysis of the Mediating Effect of the Perceived Role of Ethics and Social Responsibility (2010)How Important Are CEOs to CSR…Family Business Succession and Its Impact on Financial Structure and Performance (2010)Family Business Succession an…Agency Theory Revisited: CEO Return and Shareholder Interest Alignment (2010)Agency Theory Revisited: CEO …Paradigms and Theory Building in the Domain of Business Families (2009)Paradigms and Theory Building…Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms (2008)Managerial Agents Watching ot…Are family managers agents or stewards? An exploratory study in privately held family firms (2007)Are family managers agents or…Cultures and Organizations: Software of the Mind. (1993)Motivation and Personality (1997)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Bad Management Theories Are Destroying Good Management Practices (2005)What We Know and Don’t Know About Corporate Social Responsibility (2012)The Nature of the Firm (1937)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Institutionalized Organizations: Formal Structure as Myth and Ceremony (1977)The Economics of Organization: The Transaction Cost Approach (1981)Social Capital: Prospects for a New Concept (2002)The iron cage revisited institutional isomorphism and collective rationality in organizational fields (2004)The Social Psychology of Organizations. (1979)Leadership and Performance beyond Expectations (1987)Organizational Images and Member Identification (1994)Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility (2001)The Social Identity Theory of Intergroup Behavior (2004)Management ownership and market valuation (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature (2001)Corporate Governance and Equity Prices (2003)On the use of instrumental variables in accounting research (2009)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Strategic assets and organizational rent (1993)A Survey of Corporate Governance (1997)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Corporate Ownership Around the World (1999)Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills (2007)The Bind that Ties: Socioemotional Wealth Preservation in Family Firms (2011)Socioemotional Wealth in Family Firms (2012)The myopia of learning (1993)Managing Legitimacy: Strategic and Institutional Approaches (1995)Building Better Causal Theories: A Fuzzy Set Approach to Typologies in Organization Research (2011)What's the difference? diversity constructs as separation, variety, or disparity in organizations (2007)The Fundamental Institutions of China's Reforms and Development (2011)Top Incomes in the Long Run of History (2011)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1983Separation of Ownership and Control19,446 cited
  • 1984Structural Inertia and Organizational Change7,243 cited
  • 1992Alumni and their alma mater: A partial test of the reformulated model of organizational identification5,770 cited
  • 1997TOWARD A STEWARDSHIP THEORY OF MANAGEMENT5,371 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1980Markets, Bureaucracies, and Clans4,735 cited
  • 1981Rank-Order Tournaments as Optimum Labor Contracts4,568 cited
  • 1999Corporate governance, chief executive officer compensation, and firm performance4,334 cited
  • 2005How do family ownership, control and management affect firm value?4,190 cited
  • 1986Organizational commitment and psychological attachment: The effects of compliance, identification, and internalization on prosocial behavior.4,076 cited
  • 1989MAKING FAST STRATEGIC DECISIONS IN HIGH-VELOCITY ENVIRONMENTS.3,816 cited
  • 1991Stewardship Theory or Agency Theory: CEO Governance and Shareholder Returns3,563 cited
  • 1998Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure2,749 cited
  • 2001Toward a Theory of Psychological Ownership in Organizations

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2,535 cited
  • 2002Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence2,431 cited
  • Cited by

    • 2010Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family Businesses467 cited
    • 2007Are family managers agents or stewards? An exploratory study in privately held family firms456 cited
    • 2012CEO Servant Leadership: Exploring Executive Characteristics and Firm Performance428 cited
    • 2008Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms361 cited
    • 2015Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories338 cited
    • 2010Family Business Succession and Its Impact on Financial Structure and Performance314 cited
    • 2010Agency Theory Revisited: CEO Return and Shareholder Interest Alignment299 cited
    • 2013Economic and Technological Importance of Innovations in Large Family and Founder Firms284 cited
    • 2017Are Family Firms Good Employers?265 cited
    • 2010How Important Are CEOs to CSR Practices? An Analysis of the Mediating Effect of the Perceived Role of Ethics and Social Responsibility262 cited
    • 2016Unpacking the CEO–Board Relationship: How Strategy Making Happens in Entrepreneurial Firms239 cited
    • 2012Has Agency Theory Run its Course?: Making the Theory more Flexible to Inform the Management of Reward Systems237 cited
    • 2018Mental Disorders in the Entrepreneurship Context: When Being Different Can Be An Advantage231 cited
    • 2014Family- versus Lone-Founder-Controlled Public Corporations: Social Identity Theory and Boards of Directors221 cited
    • 2009Paradigms and Theory Building in the Domain of Business Families211 cited
    • 2014Family Control, Socioemotional Wealth and Earnings Management in Publicly Traded Firms204 cited