Essays about: "Hedge fund activism"

Showing result 1 - 5 of 12 essays containing the words Hedge fund activism.

  1. 1. Closing the value gap: An Empirical Analysis of Cevian Capital’s Activism in Europe

    University essay from

    Author : Marceli Krenz; [2021-06-23]
    Keywords : Cevian Capital; Hedge Fund Activism; Abnormal Returns; Western Europe; Operating Performance Metrics;

    Abstract : This paper analyses the short- and long-term impact of Cevian Capitals activist investments on 16 public companies in Europe during 2010-2019. Cevian Capital is the largest activist hedge fund in Europe and is characterized as a “constructivist” hedge fund, employing a non-aggressive approach to activism. READ MORE

  3. 2. Does the Rise of Passive Investors Facilitate Hedge Fund Activism? An Empirical Analysis of Target Firm Value and Operating Performance

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Jan Gunell; Philip Linderum; [2020]
    Keywords : Hedge Fund Activism; Passive Investors; Corporate Governance; Firm Value; Operating Performance;

    Abstract : Recent years have witnessed a concurrent development in U.S. stock ownership with a growing presence of passive investors and an increasing activity of hedge fund activism. This thesis addresses the question whether this development is related, and more specifically, whether the growth of passive investors facilitates hedge fund activism. READ MORE

  4. 3. Differences in Value Creation - Hedge Fund versus Private Equity Activism - A cross-national comparison between Germany and Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Bjoern Henatsch; Korbinian Kummer; [2019]
    Keywords : Activism; Private Equity; Hedge Funds; Abnormal Returns; Value Creation;

    Abstract : Shareholder activism is on the rise all across the globe. Two of the most prominent and active players in the field are private equity investors and hedge funds. This paper analyzes announcement returns for a hand-collected sample of activist campaigns following the financial crisis in Germany and Sweden. READ MORE

  5. 4. Does Hedge Fund Activism Create Value?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Henrik Assarsson; Jacob Magnusson; [2019]
    Keywords : Hedge fund activism; abnormal returns; market efficiency; corporate governance; Business and Economics;

    Abstract : Using a data set of 139 events from 2006 to 2019, we demonstrate that announcements of hedge fund activism increases shareholder value in the short run. The abnormal return for the announcement of activism is approximately 6% over a [-10,+10] window. READ MORE

  6. 5. Market Reactions to Hedge Fund Activism in Europe - An Empirical Study

    University essay from

    Author : Philip Linderum; Daniel Karlsson; [2018-06-26]
    Keywords : Corporate goverance; Hedge funds; Activism; Europe; Event studies;

    Abstract : Activism is on the rise in Europe. In recent years, hedge funds have begun to target firms across the continent with the intent of generating profits through exercising shareholder rights to prompt change and address inefficiencies. READ MORE