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- W2770295062 abstract "Abstract Do agency and stewardship behaviors coexist at firms, or does one dominate the other? We use data from listed companies in China over the period 2007–2016 to show that powerful chief executive officers (CEOs) simultaneously incur self‐interested agency costs while acting as stewards to benefit the firm. In balancing the push‐and‐pull forces of stewardship and agency behaviors, powerful CEOs in Chinese firms ultimately improve short‐term and long‐term firm performance. Our results have important implications for understanding how CEOs affect firms and how cultural factors can motivate CEOs to work in the interest of the firm." @default.
- W2770295062 created "2017-12-04" @default.
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- W2770295062 date "2017-11-01" @default.
- W2770295062 modified "2023-10-04" @default.
- W2770295062 title "Powerful Chief Executive Officers and Firm Performance: Integrating Agency and Stewardship Theory" @default.
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- W2770295062 doi "https://doi.org/10.1111/cwe.12223" @default.
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