Shareholder Power and Corporate Innovation: Evidence from Hedge Fund Activism
This paper studies how hedge fund activism reshapes corporate innovation. We find that firms targeted by hedge fund activists experience […]
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Thirty Years of Shareholder Activism: A Survey of Empirical Research
We summarize and synthesize the results from 67 studies that examine the consequences of shareholder activism for targeted firms, and […]
Myopic Investor Myth Debunked: The Long-Term Efficacy of Shareholder Advocacy in the Boardroom
Over the past two decades, hedge fund activism has emerged as new form of corporate governance mechanism that brings about […]
Shareholder Activists: A Threat for the Global Economy?
The rise of shareholder activism has become a global phenomenon. Shareholder activists are not only present–as they started–in the US, […]