Thirty years of shareholder activism: A survey of empirical research

MR Denes, JM Karpoff, VB McWilliams - Journal of Corporate Finance, 2017 - Elsevier
We summarize and synthesize the results from 73 studies that examine the consequences of
shareholder activism for targeted firms, and draw two primary conclusions. First, activism that …

Returns to hedge fund activism: An international study

M Becht, J Franks, J Grant… - The Review of Financial …, 2017 - academic.oup.com
This paper provides evidence on the incidence, characteristics, and performance of activist
engagements across countries. We find that the incidence of activism is greatest with high …

Institutional investment horizons and firm valuation around the world

S Döring, W Drobetz, S El Ghoul, O Guedhami… - Journal of International …, 2021 - Springer
Using a comprehensive dataset of firms from 34 countries, we study the effect of institutional
investors' investment horizons on firm valuation around the world. We find a positive relation …

[PDF][PDF] Sovereign wealth fund investment patterns and performance

B Bortolotti, V Fotak, WL Megginson, W Miracky - 2009 - papers.ssrn.com
We examine 802 investments by 33 Sovereign Wealth Funds (SWFs) in publicly traded
companies between May 1985 and November 2009, and find that SWFs tend to invest in …

Connecting the dots: a systematic literature review on hedge fund activism

P Fiorillo, LR Pellegrino - Qualitative Research in Financial Markets, 2024 - emerald.com
Purpose This paper aims to systematically review, discuss and synthesize the current state
of research in the realm of hedge fund activism (HFA). By exploring HFA-related literature …

[PDF][PDF] The financial impact of sovereign wealth fund investments in listed companies

V Fotak, B Bortolotti, W Megginson… - … paper, University of …, 2008 - papers.ssrn.com
This paper initiates empirical research on the financial impact and wealth effects of
Sovereign Wealth Fund (SWF) investments in the stock of listed companies around the …

Corporate control and shareholder activism in Germany: An empirical analysis of hedge fund strategies

W Bessler, M Vendrasco - International Review of Financial Analysis, 2022 - Elsevier
Government-initiated reforms of the German financial system two decades ago shifted
corporate control activities from universal banks to capital markets. Hedge funds took …

Decentralized finance, crypto funds, and value creation in tokenized firms

DJ Cumming, N Dombrowski, W Drobetz… - Crypto Funds, and …, 2022 - papers.ssrn.com
Abstract Crypto Funds (CFs) represent a novel investor type in entrepreneurial finance. CFs
intermediate Decentralized Finance (DeFi) markets by pooling contributions from crowd …

Performance of foundation-owned firms in Germany: The role of foundation purpose, stock market listing, and family involvement

J Block, S Jarchow, N Kammerlander… - Journal of Family …, 2020 - Elsevier
To address succession issues, the owners of family firms increasingly transfer their equity to
family and charitable foundations, thereby creating so-called foundation-owned firms. This …

Is the role of shareholder activism in corporate governance overestimated?

J Bajzik - Finance Research Letters, 2023 - Elsevier
Shareholder activism has become a prominent feature of corporate governance recently.
Therefore, I collected 3,159 estimates from 78 empirical studies investigating the …