|
|
|
|
||||
|
||||
Hedge Fund Activism Canadian StyleBrian R. CheffinsUniversity of Cambridge - Faculty of Law; European Corporate Governance Institute (ECGI) January 1, 2013 ECGI - Law Working Paper No. 202 University of Cambridge Faculty of Law Research Paper No. 3/2013 Abstract: The forthright brand of shareholder activism hedge funds deploy became during the 2000s a significant feature of Canadian corporate governance. This paper examines hedge fund activism “Canadian style.” The paper characterizes the interventions hedge funds specialize in as “offensive” shareholder activism and uses a heuristic device, “the market for corporate influence”, to identify the variables that dictate how frequent such activism is likely to be. This analytical structure is used to explain why hedge fund activism has become part of the Canadian corporate governance landscape and has displaced at least partly a Canadian shareholder “culture of passivity.”
Number of Pages in PDF File: 68 Keywords: Shareholder activism, hedge funds, Canada JEL Classification: G34, G38, K22, N22 working papers seriesDate posted: January 21, 2013 ; Last revised: March 27, 2013Suggested CitationContact Information
|
|
|||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo7 in 0.406 seconds
