Pfirrmann, Maximilian; Eichner, Korbinian - In: Journal of Corporate Accounting & Finance 35 (2024) 2, pp. 357-374
This research study provides insights on how activist hedge funds perform valuation analyses of target firms. Relevant data was hand-collected from a sample of activist hedge fund presentations. Based on the hedge funds’ valuation analyses, the undervaluation of the target firms amounts to...