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Corporate Governance and the New Hedge Fund Activism


Corporate Governance and the New Hedge Fund Activism

The heart of the Article is an empirical study of obtainable instances of hedge fund activism during 2005 and the 2006 proxy season.

Corporate Governance and Hedge Fund Activism

Over the past two decades, hedge fund activism has emerged as a new mechanism of corporate governance that brings about operational ...

Corporate Governance and the New Hedge Fund Activism

Hedge funds are not “normal” institutional investors. They launch proxy fights for corporate control. Their recent successes and “wolf pack”.

Corporate governance and hedge fund activism - SpringerLink

Additionally, hedge funds themselves benefit from activism: the risk-adjusted annual performance of hedge funds seeking changes in corporate ...

Hedge Fund Activism, Corporate Governance, and Firm Performance

We find that hedge funds increasingly engage in a new form of shareholder activism and monitoring that differs fundamentally from previous activist efforts by ...

Corporate Governance and the New Hedge Fund Activism

The survey further found that the combination of "wolf pack" tactics and the increasing influence of activist proxy advisory firms (the recommendations of which ...

The Impact of Hedge Fund Activism on Corporate Governance

Second, activist hedge funds have recently developed a new tactic – “the wolf pack” – that effectively enables them to escape old corporate defenses (most ...

Corporate Governance and Hedge Fund Activism - SMU Scholar

Over the past two decades, hedge fund activism has emerged as a new mechanism of corporate governance that brings about operational, ...

Hedge fund activism, CEO turnover and compensation

We show that activist hedge funds provide beneficial effects on corporate governance by replac- ing some CEOs, providing appropriate ...

(PDF) Corporate Governance and Hedge Fund Activism

by 7.7% and 24.7% respectively, relative to matching firms when the target firm is of mean size. ... in ROA and CF. ... hedge fund activism can be effective in ...

Corporate Governance and the New Hedge Fund Activism - ProQuest

This article's empirical survey found over 50 instances of hedge fund activism, and also found the in terrorem effect of these examples to be considerable.

The Impact of Hedge Fund Activism on Corporate Governance

6 Second, activist hedge funds have recently developed a new tactic—“the wolf pack”—that effectively enables them to escape old corporate defenses (most notably ...

The Impact of Hedge Fund Activism on Corporate Governance

Coffee, Jr. Columbia University Law School,. 435 West 116th Street,. New York, NY 10027-7297, USA. Darius Palia.

The Impact of Hedge Fund Activism on Corporate Governance | ECGI

... corporate governance norms (for example, the sharp decline in staggered boards), and in part because of the new power of proxy advisors (which is in turn a ...

Hedge fund activism, corporate governance, and firm performance

... activism. Our analysis provides important new evidence on the mechanisms and effects of informed shareholder monitoring. © 2008 The American Finance Association ...

Corporate Governance and the New Hedge Fund Activism

Hedge funds are not "normal" institutional investors. They launch proxy fights for corporate control. Their recent successes and "wolf pack" ...

Corporate Governance in the Face of an Activist Investor

A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System by Leo E. ... new directors with specific ...

Hedge Fund Activism in Corporate Governance - SpringerLink

Some ten years ago, a prominent law and economics commentator defined hedge funds (and private equity funds) “the newest big thing in corporate ...

Hedge Fund Activism, Short-Termism, and a New Paradigm of ...

Chief Justice Strine looks at the corporate governance world through the lens of what he calls the “human investors,” i.e., the ordinary ...

How does hedge fund activism reshape corporate innovation?*

We relate innovation to an increasingly important new form of market-based corporate governance, hedge fund activism, to inform the current debate as to.