A new model for examining the leader-member exchange (LMX) theory

摘要

The theory of leader-member exchange (LMX) is re-examined. The concepts of social and economic exchange misused in previous research are clarified. A model that describes the exchange relationships between manager and subordinates is presented. The model challenges the well-accepted positive relationship between high quality of LMXs and organizational performance in previous studies by pointing out that the relationship may lead to negative results. New research propositions based upon the model are offered to encourage further research efforts.