Brav, Alon, Wei Jiang, Song Ma, and Xuan Tian, 2017, How does hedge fund activism reshape corporate innovation, Journal of Financial Economics Forthcoming.Brav, A.; W. Jiang; S. Ma; and X. Tian. "How Does Hedge Fund Activism Reshape Corporate Inno- vation?" Journal of Financial ...
As Buffett's leadership nears its end, Berkshire will likely continue its influential role in the market. Wayne DugganMay 19, 2025 Best S&P 500 Index Funds Several mutual funds provide exposure to the index, but fees and features vary more than you may think. ...
when a firm’s CS is high, increasing ES would result in lower stock returns, such that a firm both high in CS and ES underperform a firm with high CS and low ES, but the converse does not hold. This is consistent with our prediction on how investors...
10 Stocks Buffett Just Bought and Sold As Buffett's leadership nears its end, Berkshire will likely continue its influential role in the market. Wayne DugganMay 19, 2025 Best S&P 500 Index Funds Several mutual funds provide exposure to the index, but fees and features vary more tha...
The introduction of electronic trading platforms in the 1990s vastly changed the forex market, making it more accessible, efficient, and liquid. Regulatory milestones, such as the European Monetary Union’s creation and the euro launch in 1999, reshaped the currency landscape. Economic crises, like...
The court's decision in SEC v. Jarkesy ruled that cases involving civil penalties for fraud must be brought in federal court, where defendants have the right to a jury trial. The court's majority opinion has reshaped the SEC's enforcement strategies, potentially impacting the efficiency and sc...
Our goal is to inform the debate by analyzing how hedge fund activism reshapes corporate innovation—arguably the most important long-term investment that firms make, but also the most susceptible to short-termism.4 A priori, neither the direction nor the magnitude of activists’ impact on overal...