Abstract
This paper reviews Agency and Stewardship theories concepts, as well as, manager’s characteristics and aptitudes used in each theory application in familiar businesses. Choosing the right theory for a business will depend on manager’s aptitudes and experience, according to the reality. Government, in a familiar business, is the management axis to maintain family union and business prosperity too. Familiar businesses development is usually measured by: 1) Property; 2) Number of shareholders; 3) Number of family members; and 4) Familiar leadership. Keywords: Stewardship theory, Agency theory, family businesses, corporate government. URL: http://revistas.uta.edu.ec/erevista/index.php/bcoyu/article/view/636
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