التفاصيل البيبلوغرافية
| العنوان: |
Hedge Fund Activism: A Review of Wealth Creation, Operational Efficiency and Corporate Strategy in Targeted Firms |
| المؤلفون: |
Barry, Nicholas |
| المصدر: |
Honors Theses at the University of Iowa |
| بيانات النشر: |
University of Iowa |
| سنة النشر: |
2017 |
| المجموعة: |
Iowa Research Online - University of Iowa |
| مصطلحات موضوعية: |
activism, hedge funds, hedge fund, shareholder activism, takeover, Finance and Financial Management |
| الوصف: |
Shareholder activism, primarily initiated by hedge funds, has given rise to numerous debates regarding value creation in targeted firms. Do activists compromise a firm’s long-term performance for short-term profits? Are they actively engaging in practices that impact operational efficiency? Is there evidence that activists are enhancing corporate governance and strategy? The answers to these questions can shape the economic, regulatory and political environments that investors face. This paper aims to assess the current activist landscape by considering both broad and specific activist tendencies brought forth by previous research. Despite management teams and media sources citing the value-destructive nature of activist intervention, academic research largely concludes the contrary. The majority of empirical evidence suggests these practices are not value-destructive, but typically value-accretive, at a statistically significant level. Finally, I suggest future research attempt to quantify the impact of activist-influenced mergers and acquisitions on the acquirer. |
| نوع الوثيقة: |
other/unknown material |
| وصف الملف: |
application/pdf |
| اللغة: |
English |
| العلاقة: |
https://ir.uiowa.edu/honors_theses/242Test; https://ir.uiowa.edu/cgi/viewcontent.cgi?article=1187&context=honors_thesesTest |
| الإتاحة: |
https://ir.uiowa.edu/honors_theses/242Test
https://ir.uiowa.edu/cgi/viewcontent.cgi?article=1187&context=honors_thesesTest |
| حقوق: |
Copyright © 2017 Nicholas Barry |
| رقم الانضمام: |
edsbas.3BD3E9ED |
| قاعدة البيانات: |
BASE |
