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Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory

It is a textbook truism that many corporate relationships among governance agents could be theoretically informed by the established agency paradigm. The economic based principal-agent theorization is however falling short of allowing researchers to evaluate the quality of such relationships. In thi...

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Main Authors: Osman, Mohammad Noor Hisham, Nahar, Hairul Suhaimi
Format: Article
Language:English
Published: Elsevier B.V. 2015
Online Access:http://psasir.upm.edu.my/id/eprint/46791/1/Understanding%20and%20assessing%20governance%20agents%20relationships%20the%20contribution%20of%20leader-member%20exchange%20theory.pdf
http://psasir.upm.edu.my/id/eprint/46791/
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spelling my.upm.eprints.467912018-01-31T15:50:59Z http://psasir.upm.edu.my/id/eprint/46791/ Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory Osman, Mohammad Noor Hisham Nahar, Hairul Suhaimi It is a textbook truism that many corporate relationships among governance agents could be theoretically informed by the established agency paradigm. The economic based principal-agent theorization is however falling short of allowing researchers to evaluate the quality of such relationships. In this paper, we depart from the mainstream principal-agent theoretical argumentation by attending to “Leader-Member Exchange” theory (LMX theory), a commonly applied theorization in organizational psychology and communication management literature repertoire. We delineate relevant governance relationships among various governance agents across contexts and subsequently, theoretically argue the applicability of LMX theory in explaining their dyadic relationships. Interfacing LMX theory with corporate governance, we further provide the necessary instruments for measuring governance agents’ relationships quality. Despite the theoretical and argumentative nature of our research endeavour, this paper presents a novel attempt to theoretically demonstrate in light of the subtlety in governance scholarship with respect to the quality of corporate relationships prevailing in any established governance arrangements, that the LMX theory provides an applicable and useful framework through which the dynamics of corporate relationships within the context of corporate governance could be appropriately analyzed and evaluated. Elsevier B.V. 2015 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/46791/1/Understanding%20and%20assessing%20governance%20agents%20relationships%20the%20contribution%20of%20leader-member%20exchange%20theory.pdf Osman, Mohammad Noor Hisham and Nahar, Hairul Suhaimi (2015) Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory. Procedia Economics and Finance, 31 (2015). pp. 746-758. ISSN 2212-5671 10.1016/S2212-5671(15)01164-8
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description It is a textbook truism that many corporate relationships among governance agents could be theoretically informed by the established agency paradigm. The economic based principal-agent theorization is however falling short of allowing researchers to evaluate the quality of such relationships. In this paper, we depart from the mainstream principal-agent theoretical argumentation by attending to “Leader-Member Exchange” theory (LMX theory), a commonly applied theorization in organizational psychology and communication management literature repertoire. We delineate relevant governance relationships among various governance agents across contexts and subsequently, theoretically argue the applicability of LMX theory in explaining their dyadic relationships. Interfacing LMX theory with corporate governance, we further provide the necessary instruments for measuring governance agents’ relationships quality. Despite the theoretical and argumentative nature of our research endeavour, this paper presents a novel attempt to theoretically demonstrate in light of the subtlety in governance scholarship with respect to the quality of corporate relationships prevailing in any established governance arrangements, that the LMX theory provides an applicable and useful framework through which the dynamics of corporate relationships within the context of corporate governance could be appropriately analyzed and evaluated.
format Article
author Osman, Mohammad Noor Hisham
Nahar, Hairul Suhaimi
spellingShingle Osman, Mohammad Noor Hisham
Nahar, Hairul Suhaimi
Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
author_facet Osman, Mohammad Noor Hisham
Nahar, Hairul Suhaimi
author_sort Osman, Mohammad Noor Hisham
title Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
title_short Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
title_full Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
title_fullStr Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
title_full_unstemmed Understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
title_sort understanding and assessing governance agents relationships: the contribution of leader-member exchange theory
publisher Elsevier B.V.
publishDate 2015
url http://psasir.upm.edu.my/id/eprint/46791/1/Understanding%20and%20assessing%20governance%20agents%20relationships%20the%20contribution%20of%20leader-member%20exchange%20theory.pdf
http://psasir.upm.edu.my/id/eprint/46791/
_version_ 1643833828300554240
score 13.211869

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