The DOI matches its Crossref record; 39 of the 39 references it cites were found in a registry or an index.
Hedge Fund Activism: A Review
Abstract
This monograph reviews shareholder activism by hedge funds. We first describe the nature and characteristics of hedge fund activism, including the objectives, tactics, and choices of target companies. We then analyze possible value creation brought about by activist hedge funds, both for shareholders in the target companies and for investors in the hedge funds. The evidence generally supports the view that hedge fund activism creates value for shareholders by effectively influencing the governance, capital structure decisions, and operating performance of target firms.
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Cites
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
Jensen, M. C. (1986) · Cited by 17,275
FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY
Altman, E. I. (1968) · The Journal of Finance · doi:10.1111/j.1540-6261.1968.tb00843.x · Cited by 14,888
ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*
Merton, R. C. (1974) · The Journal of Finance · doi:10.1111/j.1540-6261.1974.tb03058.x · Cited by 10,581
Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation
Grossman, S. J., & Hart, O. D. (1980) · The Bell Journal of Economics · doi:10.2307/3003400 · Cited by 3,098
Hedge Fund Activism, Corporate Governance, and Firm Performance
BRAV, A., JIANG, W., PARTNOY, F., & THOMAS, R. (2008) · The Journal of Finance · doi:10.1111/j.1540-6261.2008.01373.x · Cited by 1,507
Self-citationMutual Fund Flows and Performance in Rational Markets
Berk, J., & Green, R. (2002) · National Bureau of Economic Research · doi:10.3386/w9275 · Cited by 1,131
Hedge Fund Benchmarks: A Risk-Based Approach
Fung, W., & Hsieh, D. A. (2004) · Financial Analysts Journal · doi:10.2469/faj.v60.n5.2657 · Cited by 1,031
The hidden costs of stock market liquidity
Bhide, A. (1993) · Journal of Financial Economics · doi:10.1016/0304-405x(93)90039-e · Cited by 1,018
The Delisting Bias in CRSP Data
SHUMWAY, T. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb03818.x · Cited by 1,007
Cited by
Behind the Scenes: The Corporate Governance Preferences of Institutional Investors
McCAHERY, J. A., SAUTNER, Z., & STARKS, L. T. (2016) · The Journal of Finance · doi:10.1111/jofi.12393 · Cited by 1,494
Passive investors, not passive owners
Appel, I. R., Gormley, T. A., & Keim, D. B. (2016) · Journal of Financial Economics · doi:10.1016/j.jfineco.2016.03.003 · Cited by 965
The product market effects of hedge fund activism
Aslan, H., & Kumar, P. (2016) · Journal of Financial Economics · doi:10.1016/j.jfineco.2015.08.016 · Cited by 138
Metadata
- Authors
- Brav, A.
- Venue
- Foundations and Trends® in Finance
- Publisher
- Emerald
- Published
- 2009
- Volume
- 4
- Issue
- 3
- Pages
- 185-246
- ISSN
- 1567-2395 (ISSN-L)
- 1567-2409
- OpenAlex
- W2123376250
- Cited by
- 287
- References
- 39
- FWCI
- 25.13
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
