Purpose – The purpose of this paper is to investigate how the turnover-performance relation depends on the proportion of outside directors and institutional ownership concentration and to explore the relative roles of accounting- and stock-based performance measures in the process of CEO...

Purpose – The purpose of this paper is to investigate how the turnover‐performance relation depends on the proportion of outside directors and institutional ownership concentration and to explore the relative roles of accounting‐ and stock‐based performance measures in the process of CEO...