Description
The past twenty years have ushered in transformative shifts in the realm of corporate governance across the United States, Europe, and Asia. Activist investors have emerged as key players, frequently engaging with management teams of target companies, and reshaping the landscape of corporate control.
In recent times, hedge funds have assumed a significant role as hostile activist shareholders, pioneering a brand of activism that involves corporate restructuring, mergers, proxy voting, the replacement of management and board members, as well as extensive lobbying efforts. These hedge funds conduct diligent research to identify companies ripe for change. By acquiring substantial stakes in their stocks, these investors vocalize their dissent regarding existing business strategies and governance practices, often opposing management decisions and advocating for actions aimed at enhancing shareholder value.
Institutional Investor Activism (PDF) meticulously assesses the ramifications of activist strategies on their target companies, the activists themselves, and the shareholder funds involved. Each chapter delves into various critical aspects, including the strategic methodologies employed by investors, the financial returns generated from these interventions, and the regulatory environments that govern their activities. Moreover, this volume provides a thorough historical backdrop, tracing the evolution from institutional shareholder passivity to the emergence of activist investment. It facilitates a comprehensive comparison of practices in the US and the EU, highlighting differences in regulatory frameworks and investment approaches.
ISBNs: 978-0198723936, 978-0198723943, 978-0191039799
Reviews
“Hedge fund activism and private equity have become fundamental components of contemporary corporate governance. This ebook is a compilation of insightful papers contributed by influential scholars within the field, enriching the current discourse around these topics.” — Mark J. Roe, David Berg Professor of Law, Harvard Law School
“This book serves as an exceptional resource for researchers focused on finance and governance, providing a deep understanding of the latest trends in the activism model adopted by hedge funds and private equity firms. It tackles the empirical challenges inherent in assessing the impacts of activist interventions on corporate governance and performance metrics. I unequivocally recommend this ebook to anyone interested in grasping the emergence and operational dynamics of hedge fund activism—a vital new paradigm in corporate governance.” — The Accounting Review
NOTE: This product includes only the ebook, Institutional Investor Activism, in PDF format. No access codes are provided.
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