Renneboog, Luc; Crespi, R. - Tilburg University, Center for Economic Research - 2000
management. Shapley values capturing the relative power of shareholder coalitions by category of owner, outperform models with … substantial block of voting power. Non-executive directors seem to support incumbent management, but poor performance is penalised … positively related to executive director turnover, but this voting power is used for remove management for reasons of other than …