Beyond Ownership as Usual: The Implications of Steward-ownership for Management Research

  • Luca Manelli
  • , Simon Pek*
  • , Matthias Waldkirch
  • , Heather Hachigian
  • , Audrey Jamal
  • , Steen Thomsen
  • , Marya Besharov
  • , Mark Hand
  • , Blanche Segrestin
  • , Kevin Levillain
  • , Armand Hatchuel
  • *Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

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Abstract

Steward-ownership is a novel conceptualization of ownership galvanizing attention from entrepreneurs, business owners, policymakers, and academics around the world. Two main principles distinguish it from traditional models of ownership: (1) decoupling control rights and economic rights and (2) asset lock, whereby company resources cannot be privatized by shareholders. This curated conversation among 11 interdisciplinary researchers unpacks the transformative potential of steward-ownership for management theory. Contributors discuss how our current knowledge of steward-ownership, along with what we can come to know through targeted future research, offers important insights for scholarship on purpose, entrepreneurship, corporate governance, impact investing, hybridity, and alternative forms of organizing.
Original languageEnglish
JournalJournal of Management Inquiry
Number of pages26
ISSN1056-4926
DOIs
Publication statusPublished - 8 Aug 2025

Bibliographical note

Epub ahead of print. Published online: 8 August 2025.

Keywords

  • Steward-ownership
  • Purpose
  • Entrepreneurship
  • Corporate governance
  • Hybridity
  • Impact investing
  • Alternative forms of organizing

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