The Long Term Effects of Hedge Fund Activism, Columbia Law Review 115, 1085-1156.Bebchuk, L.A., Brav A. and Jiang, W., 2015. The Long-Term Effects of Hedge Fund Activism. Columbia Law Review 115(5), 1085-1155.Bebchuk, L.A., A. Brav, and W. Jiang, (2015), The long-term ...
The long-term effects of hedge fund activism are controversial. Some empirical studies document that activism is associated with increased long-term fi... Cremers,Martijn,Masconale,... - 《Washington University Law Review》 被引量: 1发表: 2017年 ...
First Draft July 2013, Last Revised December 2014 Forthcoming, 114 Columbia Law Review (June 2015) THE LONG-TERM EFFECTS OF HEDGE FUND ACTIVISM Lucian A. Bebchuk,* Alon Brav,** and Wei Jiang*** * William J. Friedman and Alicia Townshend Friedman Professor of Law, Economics and Finance and...
The Long-Term Consequences of Hedge Fund Activism Posted by Martin Lipton, Wachtell, Lipton, Rosen & Katz, on Wednesday August 20, 2014 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, and this post is based on a Wachtell Lipton memorandum. The post ...
(2015). The long-term effects of hedge fund activism. Columbia Law Review, 115(5), 1085–1154. Google Scholar Bena, J., Ferreira, M. A., Matos, P., & Pires, P. (2017). Are foreign investors locusts? The long-term effects of foreign institutional ownership. Journal of Financial ...
The extant literature focuses on the economic effect of significant changes that activist hedge funds enact, but shows mixed findings about the effect on the information environment. We investigate the informational effect on the third party — namely, the auditor — and argue that the potential sig...
The product market effects of hedge fund activism. Journal of Financial Economics 119 (1):226-248.Aslan, Hadiye, and Praveen Kumar, 2016, "The Product Market Effects of Hedge Fund Activism," Journal of Financial Economics 119, pp. 226-248....
Hedge fund activism is a new form of investment strategy. Using a large hand-collected dataset from 2001 to 2006, we find that activist hedge funds in the United States propose strategic, operational, and financial remedies and attain success or partial success in two-thirds of the cases. The...
Background: Hedge fund activism A fundamental question regarding hedge fund activism is whether it creates or destroys firm value. The extant literature shows that hedge fund activism creates value for shareholders and improves firm performance in both the short and long term. The seminal paper by ...
Using a sample of 272 hedge fund activist events from 1994 to 2005, we find that targets of high frequency activist hedge funds - those that target ten or more firms between fund inception and 2005 - experience better long-term stock and operating performance than targets of lower frequency ac...