Essays about: "Hedge Fund Activism"

Showing result 6 - 10 of 12 essays containing the words Hedge Fund Activism.

1. 6. Hedge Fund Activism in the United Kingdom

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

   Author : Johan Berglund; Fredrik Biesèrt; [2018]
   Keywords : Hedge Fund Activism; Shareholder Activism; Agency Theory; Operational Performance; Capital Structure;

   Abstract : In this study, we investigate if hedge fund activists in the United Kingdom improve the operating performance or alter the capital structure of target firms. We do this by examining operating performance and capital structure of activist targets relative to non-target matched peers pre and post activist intervention. READ MORE

3. 7. Shareholder altruism or corporate piracy? - Operational performance of companies targeted by activist hedge funds

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

   Author : Wilhelm Börjesson; Jakob Kyllenbeck; [2017]
   Keywords : Hedge fund activism; Shareholder activism; Operational performance;

   Abstract : 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

4. 8. Size Matters: An Empirical Analysis of Activist Hedge Funds

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Carl Magnus Behm; Erik Hedensiö; [2016]
   Keywords : Hedge Fund Activism; Shareholder Activism; Fund Size; Investment Size; Abnormal Returns;

   Abstract : The purpose of this thesis is to examine whether large activist hedge funds on average earn lower returns than small activist hedge funds. The manually collected sample consists of 763 companies targeted by 104 hedge funds with an activist profile in the period 2000-2014 in the United States. READ MORE

5. 9. Trends in Abnormal Returns to Hedge Fund Activism: An Empirical Analysis

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Johan Karlsson; Oliver Kull; [2015]
   Keywords : Hedge Fund Activism; Shareholder Activism; Abnormal Returns;

   Abstract : Using a manually collected dataset of 2111 hedge fund activist campaigns, spanning the years 1999-2014, we find that the abnormal returns in the activist market exhibited a declining trend in the early years of the sample period. Since 2002 abnormal returns have been stable around 6-9% and show no signs of approaching zero. READ MORE

6. 10. Shareholder Activism and Bond Price Returns

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Ksenia Loginova; Pernilla Westergren; [2014]
   Keywords : Hedge fund activism; Bond price returns; Financial Crisis; Event Study; Difference-in-difference;

   Abstract : Hedge fund activism is an increasingly occurring event in the financial markets, often resulting in positive returns for shareholders. This study examines how bondholders are affected in terms of bond price returns. Particularly, differences between reactions in economic downturns and booms are in focus. Looking at a sample of U. READ MORE