The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund
Open accessAbstract
This article reports a unique analysis of private engagements by an activist fund. It is based on data made available to us by Hermes, the fund manager owned by the British Telecom Pension Scheme, on engagements with management in companies targeted by its UK Focus Fund. In contrast with most previous studies of activism, we report that the fund executes shareholder activism predominantly through private interventions that would be unobservable in studies purely relying on public information. The fund substantially outperforms benchmarks and we estimate that abnormal returns are largely associated with engagements rather than stock picking.
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Common risk factors in the returns on stocks and bonds
Fama, E. F., & French, K. R. (1993) · Journal of Financial Economics · doi:10.1016/0304-405x(93)90023-5 · Cited by 25,754
On Persistence in Mutual Fund Performance
Carhart, M. M. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb03808.x · Cited by 17,283
Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency
JEGADEESH, N., & TITMAN, S. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04702.x · Cited by 11,584
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Metadata
- Authors
- Becht, M., Franks, J., Mayer, C., & Rossi, S.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2010-03
- Volume
- 23
- Issue
- 3
- Pages
- 3093-3129
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3124833093
- Cited by
- 377
- References
- 3
- FWCI
- 104.67
- Type
- journal article
- Language
- en
- Open access
- green
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- Becht, M., Franks, J., Mayer, C., & Rossi, S. (2010). Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund. Review of Financial Studies. https://doi.org/10.1093/rfs/hhn054.ra
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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