[PDF][PDF] How financial markets create superstars

S Terovitis, V Vladimirov - Available at SSRN 3745622, 2023 - aeaweb.org
Price discovery in financial markets guides the effi cient allocation of resources. Yet we
argue that speculators uninformed about firms' fundamentals can profit from distorting the …

Collective activism

C Doidge, IJ Dyck, L Yang - Liyan, Collective Activism (September …, 2019 - papers.ssrn.com
A central question in corporate governance is how to provide the public good of monitoring
managers. This paper provides a theoretical analysis that identifies the potential and limits of …

Signaling with Private Monitoring

G Cisternas, A Kolb - Review of Economic Studies, 2024 - academic.oup.com
We study dynamic signalling when the sender does not see the signals that her actions
generate. The sender then uses her past play to forecast what a receiver believes, in turn …

Power Tussle: Hedge Fund Activists and Short Sellers

T Li, P Saffi, D Yang - Columbia Business School Research Paper …, 2021 - papers.ssrn.com
We study events in which activist hedge funds and short sellers target the same stock using
unique European data on activism and mandatory disclosures of large short positions. The …