Detail Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors (Journal of Finance, Forthcoming) Bibliografi Author: Klein, April ; Zur, Emanuel Topik: Hedge Fund; Activism; 13D Bahasa: (EN )     Penerbit: Blackwell Publishing     Tempat Terbit: Oxford    Tahun Terbit: 2008     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Entrepreneurial Shareholder Activism Hedge Funds and Other Private Investors.pdf (235.0KB; 1 download) Abstract We examine recent confrontational activism campaigns by hedge funds and other private investors. The main parallels between the groups are a significantly positive market reaction for the target firm around the initial Schedule 13D filing date, significantly positive returns over the subsequent year, and the activist’s high success rate in gaining its original objective. Further, both activists frequently gain board representation through real or threatened proxy solicitations. Two major differences are that hedge funds target more profitable firms than other activists, and that hedge funds address cash flow agency costs whereas other private investors change the target’s investment strategies. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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