Over the past two decades, hedge fund activism has emerged as new form of corporate governance mechanism that brings about operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are convinced that the entire American economy will...

The primary objective of this paper is to model the win-loss records of matches in a repeated tournament using the ranks of the teams. The work proposes modifications of Bradley-Terry (BT) model to make the estimation consistent with the ranks of the participating teams. The BT model with...

This study analyzed activism that leads to a merger or acquisition (M&A) of a firm to see its benefits for the shareholders at the target firm as well as its acquirer. It used over thirty years of data to understand the impact of the activists’ demands of strategic significance for the firms....