2022/03/10 by Sina K. Feldermann, Martin R.W. Hiebl, Martin R. W. Hiebl
Business, Management and Accounting · #Corporate Finance and Governance #Corporate Social Responsibility Reporting #Family Business Performance and Succession
paper · pdf · doi:10.1016/j.scaman.2022.101209
openalex publication_date 2022/03/10 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01
This study investigates whether employees’ psychological ownership results in stewardship behavior and whether this relationship is affected by an employee’s perception of the organization’s agency culture. A survey of the financial managers of 129 firms in Germany generally confirms these expectations. In addition, and surprisingly, our findings suggest a negligible effect of an agency culture on the relationship between psychological ownership and stewardship behavior when managers perceive high psychological ownership. Thereby, our study enriches the literature on the consequences of psychological ownership by providing insights into the boundary conditions of such outcomes at the manager level.