Bradley, Michael H.; Brav, Alon; Goldstein, Itay; Jiang, Wei - 2006
on agency conflicts between shareholders and fund
managers that decrease the actual value held by shareholders relative … shareholders of public corporations, this type of activism has become very common.
Several arbitrageurs have become very active … consistent
with the nature of these shareholders, most of which are hedge funds.
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Activism can also be pursued via takeovers …