Abstract

http://ssrn.com/abstract=1551953
 
 

References (53)



 
 

Citations (30)



 


 



Hedge Fund Activism: A Review


Alon Brav


Duke University - Fuqua School of Business

Wei Jiang


Columbia Business School - Finance and Economics

Hyunseob Kim


Cornell University - Samuel Curtis Johnson Graduate School of Management

February 12, 2010

Foundations and Trends in Finance, Vol. 4, No. 3, 2009

Abstract:     
This article reviews shareholder activism by hedge funds. We first describe the nature and characteristics of hedge fund activism, including the objectives, tactics, and choices of target companies. We then analyze possible value creation brought about by activist hedge funds, both for shareholders in the target companies and for investors in the hedge funds. The evidence generally supports the view that hedge fund activism creates value for shareholders by effectively influencing the governance, capital structure decisions, and operating performance of target firms.

Number of Pages in PDF File: 64

Keywords: Hedge Fund, Shareholder Activism, Corporate Governance

JEL Classification: G30, G32

Accepted Paper Series





Download This Paper

Date posted: February 12, 2010 ; Last revised: July 25, 2011

Suggested Citation

Brav, Alon and Jiang, Wei and Kim, Hyunseob, Hedge Fund Activism: A Review (February 12, 2010). Foundations and Trends in Finance, Vol. 4, No. 3, 2009. Available at SSRN: http://ssrn.com/abstract=1551953

Contact Information

Alon Brav
Duke University - Fuqua School of Business ( email )
Box 90120
Durham, NC 27708-0120
United States
919-660-2908 (Phone)
919-684-2818 (Fax)
Wei Jiang (Contact Author)
Columbia Business School - Finance and Economics ( email )
3022 Broadway
New York, NY 10027
United States
(212) 854-5553 (Phone)

Hyunseob Kim
Cornell University - Samuel Curtis Johnson Graduate School of Management ( email )
Ithaca, NY 14853
United States

Feedback to SSRN


Paper statistics
Abstract Views: 3,917
Downloads: 1,026
Download Rank: 8,367
References:  53
Citations:  30

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.390 seconds