Essays about: "Activist hedge funds"
Showing result 1 - 5 of 10 essays containing the words Activist hedge funds.
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1. 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 finansieringAbstract : 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
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2. 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 ekonomiAbstract : 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
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3. Market Reactions to Hedge Fund Activism in Europe - An Empirical Study
University essay fromAbstract : 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
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4. Shareholder altruism or corporate piracy? - Operational performance of companies targeted by activist hedge funds
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : In this study, the operational performance of companies subject to hedge fund activism is investigated. We study 689 companies in the Unites States and Europe between 2000-2015 and find that companies targeted by activist hedge funds outperform their control firms with regard to appreciation in valuation and capital efficiency, e.g. READ MORE
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5. Buying to be bought out: An empirical study of shareholder activists chasing superior returns by guiding their targeted companies into being acquired in an M&A transaction
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : In our thesis we examine the shareholder activism strategy with a focus on attempting to gain superior returns by guiding the companies towards a sale. We specifically look at the wealth creation effect at companies that are targeted by activists, using the event study method and try to tie the abnormal returns of their involvement to the level of premia offered in a later buyout with a simple OLS regression. READ MORE
