Brav, Alon; Jiang, Wei; Kim, Hyunseob - In: Foundations and Trends(R) in Finance 4 (2010) 3, pp. 185-246
This monograph reviews shareholder activism by hedge funds. We first describe the nature and characteristics of hedge fund activism, including the objectives, tactics, and choices of target companies. We then analyze possible value creation brought about by activist hedge funds, both for...
