Governance under the Gun: Spillover Effects of Hedge Fund Activism

Abstract Hedge fund activism is associated with improvements in the governance and performance of targeted firms. In this article, we show that these positive effects of activism reach beyond the targets, as nontargeted peers make similar improvements under the threat of activism. Peers with higher...

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Veröffentlicht in:	Review of Finance 2019-10, Vol.23 (6), p.1031-1068
Hauptverfasser:	Gantchev, Nickolay, Gredil, Oleg R, Jotikasthira, Chotibhak
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
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