The Agency Costs of Activism: Information Leakage, Thwarted Majorities, and the Public Morality
Few doubt that hedge fund activism has radically changed corporate governance in the United States -- for better or for worse.
Few doubt that hedge fund activism has radically changed corporate governance in the United States -- for better or for worse.
Hedge funds have become active in corporate governance. They push for changes in strategy and the adoption of specific business plans.
A new wave of financial regulation following the global financial crisis aims to curtail proprietary trading by systemically important fi