The Long-Term Effects of Hedge Fund Activism

By L. Bebchuk, Alon Brav, Wei Jiang. 2015

333 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/b3904122026827ecb96b855215e16f2b23aba243

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In Accounting

1. David J. Teece
2. Praveen Kumar
3. Hadiye Aslan

In Finance

1. David J. Teece
2. Praveen Kumar
3. Hadiye Aslan

Citations in the corpus

• A capability theory of the firm: an economics and (Strategic) management perspective (2019, background): “28 A study that looked only at hedge fund campaigns, but covering a far longer period (1994-2007) found that return on assets generally improved in the following five years (Bebchuk et al., 2015).”
• The Product Market Effects of Hedge Fund Activism (2016, positive): “This parsimonious speci cation is also consistent with the recent HFA literature (Bebchuk, Brav, and Jiang, 2015).”
• Ownership, Activism and Engagement: Institutional Investors as Active Owners (2016, neutral): “Studies provide equivocal evidence that the short-termism of investors is incompatible with long-term benefits for the firm (Bebchuk et al., 2015; Brav, Jiang, Partnoy & Thomas, 2008a; Buchanan, Chai & Deakin, 2014; Katelouzou, 2013) and analyses (Coffee & Palia, 2014; Schneider & Ryan, 2011; Sharfm”