Hedge fund activism: A review

A Brav, W Jiang, H Kim - Foundations and Trends® in …, 2010 - nowpublishers.com
activism by hedge funds. We first describe the nature and characteristics of hedge fund
activism… In this monograph, we survey the academic literature on hedge fund activism focusing on …

The long-term effects of hedge fund activism

LA Bebchuk, A Brav, W Jiang - 2015 - nber.org
… —the claim that interventions by activist hedge funds have a negative effect … activist
interventions, and we find that the claim is not supported by the data. We find no evidence that …

Hedge fund activism, corporate governance, and firm performance

A Brav, W Jiang, F Partnoy, R Thomas - The Journal of Finance, 2008 - Wiley Online Library
… Although some commentators have characterized hedge fund activism as fundamentally
hostile to managers, we find that hedge fund activists are openly hostile in less than 30% of …

Recent advances in research on hedge fund activism: Value creation and identification

A Brav, W Jiang, H Kim - Annual Review of Financial Economics, 2015 - annualreviews.org
Hedge fund activism emerged as a major force of corporate governance in the 2000s. By the
mid-2000s, there were between 150 and 200 activist hedge funds … of hedge fund activism, …

How does hedge fund activism reshape corporate innovation?

A Brav, W Jiang, S Ma, X Tian - Journal of Financial Economics, 2018 - Elsevier
… This paper studies how hedge fund activism impacts corporate innovation. Firms targeted
by activists improve their innovation efficiency over the five-year period following hedge fund

Hedge fund activism

A Klein, E Zur - 2006 - papers.ssrn.com
… to a sample of control firms or to non-hedge fund activists over the same time period. In …
were targeted by non-hedge fund activists over the same time period as the hedge fund

Corporate governance and hedge fund activism

NM Boyson, RM Mooradian - Review of Derivatives Research, 2011 - Springer
… While our findings regarding hedge fund activists differ from most of the prior literature on
activism, our findings are similar to a study by Hotchkiss and Mooradian (1997) examining …

Returns to hedge fund activism: An international study

M Becht, J Franks, J Grant… - The Review of Financial …, 2017 - academic.oup.com
… performance of activist engagements across countries. We find that the incidence of activism
is … We use a sample of 1,740 activist engagements across 23 countries and find that almost …

Corporate governance and the new hedge fund activism: An empirical analysis

TW Briggs - J. Corp. L., 2006 - HeinOnline
… in detail how hedge fund activism actually happens and … activism and examines why 2005,
according to one leading proxy solicitation firm, "marked the emergence of hedge funds as a …

Hedge fund activism

A Brav, W Jiang, H Kim - Research handbook on hedge funds …, 2012 - elgaronline.com
… of hedge funds than in the case of other institutional activists. On average, hedge funds earn
… Moreover, hedge fund managers invest a substantial proportion of their personal wealth in …