• Business
  • Published 2007

Hedge funds as shareholder activists from 1994-2005

@inproceedings{Boyson2007HedgeFA,
  title={Hedge funds as shareholder activists from 1994-2005},
  author={Nicole M. Boyson and Robert M. Mooradian},
  year={2007}
}
Recently, the mainstream media have paid considerable attention to hedge funds behaving as agents of corporate change. We study this phenomenon using a unique dataset of hedge fund activism for the period 1994-2005, and find strong evidence that hedge fund activists improve both short-term stock performance and long-term operating performance of their targets. The most dramatic changes in performance accrue to targets of aggressive activism, especially when the activists seek corporate… CONTINUE READING

Citations

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Hedge Fund Activism : A Review By Alon Brav , Wei Jiang and

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Shareholder Activism in Continental Europe

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