structure reveal that the autocorrelation in security <p> returns contributes with more than half of the abnormal return. This …

resignation is hailed favourably by the market with a small but significantly positive abnormal return of 0.5%.The market may have … anticipated the forced turnover since the abnormal return over a one-month period prior to the turnover amounts to 6%.Wher as … abnormal returns of more than 2%.The cumulative abnormal return of an internal CEO promotion in a poorly performing firms drops …

large major shareholders. Until now, studies about hedge fund activism mainly treated countries with dispersed ownership … shareholders have a significant influence on the success of hedge fund activism. Moreover, it could be measured that hedge fund … the influence of the ownership structure on the success of hedge fund activism. It indicates that large major shareholders …

, we find important variation in the responses across firms: shareholders of firms in low-pollution industries and firms …