Why Activist Hedge Funds Target Socially Responsible Firms

We argue that activist hedge funds—an unintended audience—treat CSR as a signal that firms have wasteful intentions and capabilities, which prevent firms from ...

Why Activist Hedge Funds Target Socially Responsible Firms, and ...

Activist hedge funds view spending on the environment or the community as investments with uncertain and very distant returns.

Why activist hedge funds target socially responsible firms

We develop and test a theory of how unintended audiences create reaction costs for firms that use corporate social responsibility (CSR) as a signal.

Why Activist Hedge Funds Target Socially Responsible Firms

The study found that activist hedge funds are significantly more likely to target companies with strong performance in CSR.

Why Activist Hedge Funds Target Socially Responsible Firms

While prior research has shown that being targeted by an activist hedge fund suppresses firms' CSR activities (DesJardine & Durand,. 2020), we ...

Activist Hedge Funds Target Corporate Social Responsibility

Some hedge funds invest in socially respon- sible companies to change their focus to maxi- mizing value for short-term shareholders,.

Activist Hedge Funds: Good for Some, Bad for Others? | HEC Paris

In addition, the authors found that being targeted by activist hedge funds put a halt to the broader investment portfolios and socially responsible efforts of ...

Why Activist Hedge Funds Target Socially Responsible Firms

The business model of activist hedge funds is to target companies they deem 'wasteful' and reorient them toward maximising shareholder value in ...

Why Activist Hedge Funds Stand in the Way of Mainstreaming ...

New CSP research published in a leading management journal, shows that companies that excel in corporate social responsibility are almost twice ...

Dealing with Activist Hedge Funds and Other Activist Investors

Although poor stock price performance and operational and strategic missteps can increase vulnerability, even companies that are respected ...

How Hedge Fund Activists Influence Target Firms

Activist hedge funds are interested in implementing operational or leadership changes that they believe would substantially increase the value ...

Social Networks and Hedge Fund Activism* | Review of Finance

Asset managers are often contacted by activists, who communicate the wisdom of their plans for target firms and seek investors' approval. Such communications ...

Do Hedge Funds Create Value? 3 Lessons From Danone And ...

All of these initiatives cost money and the returns take a long time to manifest. This makes socially responsible companies the targets of ...

Activist Hedge Funds Undermining Corporate Social Responsibility ...

Activist hedge funds are almost twice as likely to target socially responsible companies as others, according to new study by Professors ...

[PDF] Why Activist Hedge Funds Target Socially Responsible Firms

Why Activist Hedge Funds Target Socially Responsible Firms: The Reaction Costs of Signaling Corporate Social Responsibility · Mark R. DesJardine, ...

Activist Hedge Funds Hurt Sustainability

Activist hedge funds reduce companies' social and environmental sustainability and their long-term value. No company is safe from hedge fund activism.

Hedge Fund Activism and ESG - University of Pennsylvania

Third, the target company followed the activist's proposals to become more socially responsible. Historically, activists have been powerful agents of change at ...

Does hedge fund activism impact the long-term sustainability of ...

In our sample and in prior research, after being targeted by an activist hedge fund, companies experienced an immediate rise in their value – ...

Activist hedge funds prefer to fight ESG stars - GlobalCapital

Evidence is building that two of the biggest trends in investing — activism and environmental, social and governance awareness — are ...

Hedge Fund Activism and CSR: Could they coexist? - UvA Scripties

Following ownership by activist hedge funds, does Corporate Social Responsibility have a positive impact on their ... investments in the targeted firms by hedge ...