… 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 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 …

… 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 …

… 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, …

… 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 …

… 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 …

… 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 …

… 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 …

… 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 …

… 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 …