Activism
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Activism and Takeovers
Hostile takeovers have long been considered the quintessential disciplinary governance mechanism, but a similarly confrontational strateg
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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.
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Anti-Activist Poison Pills
Hedge funds have become active in corporate governance. They push for changes in strategy and the adoption of specific business plans.
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Shareholder Engagement on Environmental, Social, and Governance Performance
We study investor activism promoting environmental, social and governance (ESG) improvements by means of a proprietary dataset covering 6
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Can Strong Corporate Governance Selectively Mitigate the Negative Influence of 'Special Interest' Shareholder Activists? Evidence from the Labor Market for Directors
Proxy reforms shifting more power to shareholders can mitigate managerial agency problems but also empowers “special interest” activists.
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