This paper investigates the role that shareholders may play in corporate governance by analysing the European … aiming at strengthening shareholders' voice in general meetings on the assumption that this is a prerequisite for sound … same time, may play a significant role in improving corporate governance by balancing the power of dominant shareholders …

costs. Family-controlled firms and coalitions among non-controlling shareholders seem helpful in reducing agency costs. The … results suggest that coalitions among non-controlling shareholders both in family and non-family firms reduce agency costs …