Hedge fund activists transfer relevant prior work experience to their activism campaigns. Categorizing activists based on past employment at investment banks (generalists), private equity or special situations partnerships (specialists), or other firms (non-financial experts), we relate...

Machine generated contents note: About the Authors Acknowledgments Preface Part I: The Economic and Legal Framework of Corporate Restructuring and Bankruptcy Chapter 1: Corporate Financial Distress: Introduction and Statistical Background Chapter 2: An Introduction to Leveraged Finance Chapter...

This chapter, for the Oxford Handbook of Corporate Governance, provides a survey of law, economics, and finance scholarship at the intersection of corporate governance and financial distress. In financial distress, both inside and outside of bankruptcy court, formal and informal control rights...