JAKBS
Vol. 3 No. 4 (2026): Januari - Maret

Stewardship Theory dalam Tata Kelola Berkelanjutan: Studi Literatur

Ersa Lestari (Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Riau)
Maryana Enzelika (Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Riau)
Zul Azmi (Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Riau)



Article Info

Publish Date
20 Jan 2026

Abstract

Sustainability has become a central issue in modern corporate governance. Traditional governance approaches grounded in Agency Theory are considered insufficient to fully explain sustainability practices driven by managerial commitment and internal values. This article aims to examine the role of Stewardship Theory as a conceptual foundation for sustainable governance. This study employs a qualitative approach using a descriptive-analytical literature review of ten national and international scholarly articles sourced from Google Scholar, Scopus, and SINTA. The findings indicate that Stewardship Theory emphasizes intrinsic motivation, long-term orientation, and managers’ moral responsibility, which align with the economic, social, and environmental dimensions of sustainability. Furthermore, organizational and cultural contexts, particularly in Indonesian family firms, strengthen the application of stewardship values in sustainable governance practices. This study concludes that Stewardship Theory serves as a relevant complementary approach to enrich both the theoretical and practical understanding of sustainable corporate governance.

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Journal Info

Abbrev

jakbs

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Akuntansi Keuangan dan Bisnis (JAKBS), with registered number ISSN 2987-9078 (Online) is a multidisciplinary scientific journal published by CV. ITTC INDONESIA. JAKB provides a specialized forum for the publication of research in the area of financial economics and the theory of the firm, ...