Shareholder Activism By Hedge Funds Motivations And Market S Perceptions Of Hedge Fund Interventions
DOWNLOAD
AUDIOBOOK
Download Shareholder Activism By Hedge Funds Motivations And Market S Perceptions Of Hedge Fund Interventions PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Shareholder Activism By Hedge Funds Motivations And Market S Perceptions Of Hedge Fund Interventions book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Shareholder Activism By Hedge Funds Motivations And Market S Perceptions Of Hedge Fund Interventions
DOWNLOAD
AUDIOBOOK
Author : Mihaela Butu
language : en
Publisher: Diplomica Verlag
Release Date : 2013
Shareholder Activism By Hedge Funds Motivations And Market S Perceptions Of Hedge Fund Interventions written by Mihaela Butu and has been published by Diplomica Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
In recent years, hedge funds' successful interventions in some large public companies have revealed their critical role in the corporate governance landscape in the United States and Europe. Due to public opinion, this new form of shareholder activism is accompanied by much polemic. This study examines the nature of hedge fund activism, the types of them, and the market’s perception of interventions in the United States. Starting with a distinction between shareholder activism by traditional institutions, and activism performed by hedge funds, the study elucidates why the latter may be more effective in monitoring management, and reduce agency costs. Analysing the Schedules 13D filed with the U.S. Securities and Exchange Commission, the study provides a classification of activists’ demands into ten distinct categories, arguing that hostile forms of activism are not central for hedge funds, and some more aggressive types of activism are possibly used as a negotiating tool to achieve the activist’s agenda. Using the event study methodology, the author estimates the stock returns around the announcement date. For a better understanding of hedge fund activism, and their demands on target companies, the reader will find two original Schedule 13D filings accompanied by letters to the management. Finally, the paper concludes on a view of the subject through the prism of the 2007/ 2008 financial crisis, outlining some trends in the aftermath of the financial market turmoil.
Hedge Fund Activism
DOWNLOAD
AUDIOBOOK
Author : Alon Brav
language : en
Publisher: Now Publishers Inc
Release Date : 2010
Hedge Fund Activism written by Alon Brav and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.
Institutional Investor Activism
DOWNLOAD
AUDIOBOOK
Author : William W. Bratton
language : en
Publisher: Oxford University Press
Release Date : 2015
Institutional Investor Activism written by William W. Bratton and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
The past two decades has witnessed unprecedented changes in the corporate governance landscape in Europe, the US and Asia. Across many countries, activist investors have pursued engagements with management of target companies. More recently, the role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research companies, take large positions in `their stock, criticize their business plans and governance practices, and confront their managers, demanding action enhancing shareholder value. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves. Chapters examine such topic as investors' strategic approaches, the financial returns they produce, and the regulatory frameworks within which they operate. The chapters also provide historical context, both of activist investment and institutional shareholder passivity. The volume facilitates a comparison between the US and the EU, juxtaposing not only regulatory patterns but investment styles.
The Wolf At The Door
DOWNLOAD
AUDIOBOOK
Author : John C. Coffee
language : en
Publisher:
Release Date : 2016-02-10
The Wolf At The Door written by John C. Coffee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-10 with Corporate governance categories.
The Wolf at the Door: The Impact of Hedge Fund Activism on Corporate Governance has three basic aims: to understand and explain the factors that have caused an explosion in hedge fund activism; to examine the impact of this activism; and to survey and evaluate possible legal interventions with an emphasis on the least restrictive alternative.
Hedge Fund Activism In Japan
DOWNLOAD
AUDIOBOOK
Author : John Buchanan
language : en
Publisher: Cambridge University Press
Release Date : 2012-05-24
Hedge Fund Activism In Japan written by John Buchanan and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-24 with Business & Economics categories.
Charts the rise and fall of confrontational hedge fund activism in Japan.
Research Handbook On Shareholder Power
DOWNLOAD
AUDIOBOOK
Author : Jennifer G. Hill
language : en
Publisher: Edward Elgar Publishing
Release Date : 2015-07-31
Research Handbook On Shareholder Power written by Jennifer G. Hill and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-31 with Law categories.
Much of the history of corporate law has concerned itself not with shareholder power, but rather with its absence. Recent shifts in capital market structure require a reassessment of the role and power of shareholders. These original, specially commiss
Esg And Responsible Institutional Investing Around The World A Critical Review
DOWNLOAD
AUDIOBOOK
Author : Pedro Matos
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2020-05-29
Esg And Responsible Institutional Investing Around The World A Critical Review written by Pedro Matos and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-29 with Business & Economics categories.
This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.
Institutional Activism In Corporate Governance
DOWNLOAD
AUDIOBOOK
Author : Wenge Wang
language : en
Publisher: Springer Nature
Release Date : 2019-11-22
Institutional Activism In Corporate Governance written by Wenge Wang and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-22 with Business & Economics categories.
Using both qualitative and quantitative methods, this book examines whether qualified foreign institutional investors (QFIIs), through their shareholder activism, have a meaningful positive impact on the corporate governance of firms listed on the mainland Chinese stock market. Capital flows into and out of China are still subject to tight controls, and the QFII scheme is one important avenue through which QFIIs can become invested in the Chinese stock market. This book is an invaluable resource for anyone interested in learning about ways to invest in one of the world’s largest economies. Wang discusses in depth what specific opportunities, challenges and restrictions to expect in the process, and how investing in China differs from investing in countries with a more open capital account.
Corporate Governance Strengthening Latin American Corporate Governance The Role Of Institutional Investors
DOWNLOAD
AUDIOBOOK
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2011-07-01
Corporate Governance Strengthening Latin American Corporate Governance The Role Of Institutional Investors written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-01 with categories.
This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.
The Profit Motive
DOWNLOAD
AUDIOBOOK
Author : Stephen M. Bainbridge
language : en
Publisher: Cambridge University Press
Release Date : 2023-02-28
The Profit Motive written by Stephen M. Bainbridge and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-28 with Business & Economics categories.
The Profit Motive offers a legal and economic defense of shareholder capitalism against proponents of corporate social responsibility.
