An important milestone often reached in the life of an activist engagement is entering into a
“settlement” agreement between the activist and the target's board. Using a comprehensive …

Hedge fund activism refers to the phenomenon where hedge fund investors acquire a strict
minority block of shares in a target firm and then attempt to pressure management for …

We examine the impact of hedge fund interventions on target firms' strategic behavior,
specifically their voluntary disclosure and earnings management strategies. We find a …

This paper shows that hedge fund activism is associated with a decrease in mergers and
acquisitions (M&A) and offer premiums and an increase in stock and operating performance …

This study examines the increasing trend of shareholder activism and its impact on
individual investors. Motivated by prior research that finds female CEOs are more likely to be …

最新的并购浪潮呈现两大特征: PE 机构成为重要角色; 连续并购成为普遍形态.
本文认为连续并购区分单次并购的关键区分体现在以下三个方面: 战略驱动连续并购 …

Research in this thesis focuses on publicly traded US target firms documented by the SEC
Schedule, providing a perfect platform to examine the achieved returns by hedge funds …

This paper examines how threat of intervention by a short-term activist affects a myopic
manager's voluntary disclosure strategy when the manager can bias the disclosure at a cost …

This dissertation consists of three essays on corporate governance. In the first essay of the
dissertation (“The Effects of Succession Planning on CEO Succession Events: Implications …

This paper explores the career consequences of the decision to ally oneself with an activist
investor/hedge fund in a proxy contest. Using 102 observations where an existing director …