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Numerous empirical studies have shown that hedge fund activism has led to enhanced returns to investors and increased firm performance. Nevertheless, leading figures in the corporate governance world have taken issue with these studies and have argued that hedge fund activism leads to long-term...
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shareholders’ actual power to take up the task that financial law gives them, and there is currently no European or international …, requesting a merely advisory vote and exploiting the tension between the board’s strategic power and the power of the …
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