IDEAS home Printed from https://ideas.repec.org/a/spr/sumafo/v32y2024i1d10.1007_s00550-024-00543-z.html
   My bibliography  Save this article

Establishing a typology for stewardship: a nexus of opportunity for organisational and environmental management

Author

Listed:
  • Christopher Martin

    (University of Tokyo)

  • Hiroe Ishihara

    (University of Tokyo)

Abstract

Stewardship is often conceptualised as a governance practice that is beneficial to the resources under management. However, the broad range of stewardship interpretations and practical applications in a variety of fields has led to a complex landscape of both competing and complementary initiatives. Whilst there has been significant discussion over the role of stewardship as an environmental ethic, there has been little attempt to find the synergies and connections between such activities and other establishes implementations—such as the pivotal role it plays in organisational management. In this paper, we conceptualise a transdisciplinary typology through which the landscape of stewardship initiatives can be understood. Additionally, we summarise the history of stewardship to colour the present day context, and explore the meaning of key differences that arise from the proposed archetypes. Specifically, this includes the varying role of the principal and the effect of the prevailing frame of reference. Finally, we also offer recommendations on developing future stewardship research.

Suggested Citation

  • Christopher Martin & Hiroe Ishihara, 2024. "Establishing a typology for stewardship: a nexus of opportunity for organisational and environmental management," Sustainability Nexus Forum, Springer, vol. 32(1), pages 1-10, December.
    • Handle: RePEc:spr:sumafo:v:32:y:2024:i:1:d:10.1007_s00550-024-00543-z
    DOI: 10.1007/s00550-024-00543-z
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00550-024-00543-z
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s00550-024-00543-z?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Simon R. Bush & Peter Oosterveer, 2015. "Vertically Differentiating Environmental Standards: The Case of the Marine Stewardship Council," Sustainability, MDPI, vol. 7(2), pages 1-23, February.
    2. repec:eme:ijlma0:ijlma-11-2016-0118 is not listed on IDEAS
    3. Frierman, Michael & Viswanath, P V, 1994. "Agency Problems of Debt, Convertible Securities, and Deviations from Absolute Priority in Bankruptcy," Journal of Law and Economics, University of Chicago Press, vol. 37(2), pages 455-476, October.
    4. repec:sae:envval:v:21:y:2012:i:3:p:297-316 is not listed on IDEAS
    5. Bieling,Claudia & Plieninger,Tobias (ed.), 2017. "The Science and Practice of Landscape Stewardship," Cambridge Books, Cambridge University Press, number 9781107142268, November.
    6. Rosenstein, Stuart & Wyatt, Jeffrey G., 1990. "Outside directors, board independence, and shareholder wealth," Journal of Financial Economics, Elsevier, vol. 26(2), pages 175-191, August.
    7. Mike Burkart & Denis Gromb & Fausto Panunzi, 1997. "Large Shareholders, Monitoring, and the Value of the Firm," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(3), pages 693-728.
    8. Carolyn Fischer & Thomas P. Lyon, 2014. "Competing Environmental Labels," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 23(3), pages 692-716, September.
    9. Gjesdal, F, 1981. "Accounting For Stewardship," Journal of Accounting Research, Wiley Blackwell, vol. 19(1), pages 208-231.
    10. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    11. Frank Wijen & Mireille Chiroleu-Assouline, 2019. "Controversy Over Voluntary Environmental Standards: A Socioeconomic Analysis of the Marine Stewardship Council," PSE-Ecole d'économie de Paris (Postprint) halshs-02071504, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brahmadev Panda & N. M. Leepsa, 2017. "Agency theory: Review of Theory and Evidence on Problems and Perspectives," Indian Journal of Corporate Governance, , vol. 10(1), pages 74-95, June.
    2. Muslu, Volkan, 2004. "Board Independence, Executive Pay Structures, and Pay Disclosure: Evidence from Europe," Working papers 4432-03, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    3. Becker, Bo & Cronqvist, Henrik & Fahlenbrach, Rüdiger, 2011. "Estimating the Effects of Large Shareholders Using a Geographic Instrument," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 46(4), pages 907-942, August.
    4. Attiya Y. Javid & Robina Iqbal, 2010. "Corporate Governance in Pakistan: Corporate Valuation, Ownership and Financing," PIDE-Working Papers 2010:57, Pakistan Institute of Development Economics.
    5. Goergen, Marc & Manjon, Miguel C. & Renneboog, Luc, 2008. "Recent developments in German corporate governance," International Review of Law and Economics, Elsevier, vol. 28(3), pages 175-193, September.
    6. Roberto Mura, 2007. "Firm Performance: Do Non‐Executive Directors Have Minds of their Own? Evidence from UK Panel Data," Financial Management, Financial Management Association International, vol. 36(3), pages 81-112, September.
    7. Nguyen Kim Quoc Trung, 2021. "The relationship between internal control and credit risk – The case of commercial banks in Vietnam," Cogent Business & Management, Taylor & Francis Journals, vol. 8(1), pages 1908760-190, January.
    8. Frode Kjærland & Ane Tolnes Haugdal & Anna Søndergaard & Anne Vågslid, 2020. "Corporate Governance and Earnings Management in a Nordic Perspective: Evidence from the Oslo Stock Exchange," JRFM, MDPI, vol. 13(11), pages 1-18, October.
    9. Bauguess, Scott & Stegemoller, Mike, 2008. "Protective governance choices and the value of acquisition activity," Journal of Corporate Finance, Elsevier, vol. 14(5), pages 550-566, December.
    10. Sonja Daltung & Vittoria Cerasi, 2006. "Financial structure, managerial compensation and monitoring," FMG Discussion Papers dp576, Financial Markets Group.
    11. Etienne Redor & Magnus Blomkvist, 2021. "Do all inside and affiliated directors hold the same value for shareholders?," Economics Bulletin, AccessEcon, vol. 41(3), pages 882-895.
    12. Martin Kyere & Marcel Ausloos, 2021. "Corporate governance and firms financial performance in the United Kingdom," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 1871-1885, April.
    13. Tleubayev, Alisher & Bobojonov, Ihtiyor & Gagalyuk, Taras & Glauben, Thomas, 2020. "Board gender diversity and firm performance: Evidence from the Russian agri-food industry," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(1), pages 35-53.
    14. Henrik Cronqvist & Fredrik Heyman & Mattias Nilsson & Helena Svaleryd & Jonas Vlachos, 2009. "Do Entrenched Managers Pay Their Workers More?," Journal of Finance, American Finance Association, vol. 64(1), pages 309-339, February.
    15. Enrique Yacuzzi, 2005. "A primer on governance and performance in small and medium-sized enterprises," CEMA Working Papers: Serie Documentos de Trabajo. 293, Universidad del CEMA.
    16. Ole‐Kristian Hope & Wayne B. Thomas, 2008. "Managerial Empire Building and Firm Disclosure," Journal of Accounting Research, Wiley Blackwell, vol. 46(3), pages 591-626, June.
    17. Bansal, Shashank & Thenmozhi, M., 2020. "Does Concentrated Founder Ownership Affect Related Party Transactions? Evidence from an Emerging Economy," Research in International Business and Finance, Elsevier, vol. 53(C).
    18. Dorothée Brécard & Mireille Chiroleu-Assouline, 2020. "The market for "harmful component-free" products under pressure from the NGOs," Working Papers halshs-02878337, HAL.
    19. Burkart, Mike & Panunzi, Fausto, 2006. "Agency conflicts, ownership concentration, and legal shareholder protection," Journal of Financial Intermediation, Elsevier, vol. 15(1), pages 1-31, January.
    20. Adel Necib, 2023. "The Effects of Executives’ Agility Decision-Making in COVID-19 Pandemic Period on Companies’ Performance," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 13(2), pages 42-64.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sumafo:v:32:y:2024:i:1:d:10.1007_s00550-024-00543-z. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.