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Hedge Fund Activism and Corporate Governance

Reynolds, Daniel - 2014

In this paper I examine the phenomenon called Hedge Fund Activism and its effect on the governance of public corporations in the United States.The following subtopics are addressed:1. Definition of Hedge Fund Activism, its primary objective and typical targets;2. Review of the public policy...

Persistent link: https://www.econbiz.de/10013045427

Corporate Governance for a Changing World : Report of a Global Roundtable Series

Veldman, Jeroen - 2016

contribution from corporations or by regulation alone.However, this consensus has not yet been reflected in mainstream corporate … together more than 260 leaders in business management, investment, regulation and academic and civil society communities with …

Persistent link: https://www.econbiz.de/10012987369

The Future of Capitalism : 'Un-Corporating' Corporate Governance

Fenwick, Mark - 2016

A corporate governance model built around hierarchical structures, in which authority and empowerment flows through the board of directors to management and eventually staff, and the board is responsible to shareholders (the owners) of a company, worked well in an era of industrial capitalism,...

Persistent link: https://www.econbiz.de/10012989082

U.S. Hedge Fund Activism

Partnoy, Frank - 2015

research on hedge fund activism illuminate about the viability of regulation in the area? This chapter for the Research … Handbook on Shareholder Power (edited by Randall Thomas and Jennifer Hill) addresses these questions from three perspectives … offers a new way of conceptualizing that issue, derived in part from tax regulation. Third, it compares regulatory approaches …

Persistent link: https://www.econbiz.de/10013025518

New Metrics for Corporate Governance : Shifting Strategies of 'Activist' Investors in an Aging IPO Market

Vermeulen, Erik P. M. - 2015

This paper examines initial public offerings (IPOs) as funding rounds for high-tech companies and exit mechanisms for investors, as well as the stringent corporate governance requirements that apply to newly listed companies in the growth stages of their development. Current investment trends...

Persistent link: https://www.econbiz.de/10013026651

Why Do Dual-Class Firms Have Staggered Boards?

Ganor, Mira - 2015

Conventional wisdom regards the combination of a staggered board with a dual-class capital structure as superfluous. However, the incidence of this combination in U.S. firms, identified in this Paper, is not trivial. This Paper considers a few possible motivations for this practice and reports...

Persistent link: https://www.econbiz.de/10013033139

Executive Compensation in Controlled Companies

Kastiel, Kobi - 2015

the problem of managerial opportunism because such a controller has both the power and incentives to curb excessive …

Persistent link: https://www.econbiz.de/10013033141

Dividend Policy with Controlling Shareholders

Sáez Lacave, Maria Isabel - 2015

the hands of the firm insiders, and the lack of monitoring mechanisms for checking the power of controlling shareholders …

Persistent link: https://www.econbiz.de/10013033942

Comparative Corporate Governance

Fleckner, Andreas Martin - 2015

The business corporation is one of the greatest organizational inventions. But it creates risks for both shareholders and third parties. To mitigate these risks, legislators, judges, and corporate lawyers have tried to learn from experiences in other jurisdictions and adapt their regulatory...

Persistent link: https://www.econbiz.de/10013035301

The Long-Term Effects of Hedge Fund Activism

Bebchuk, Lucian A. - 2015

We test the empirical validity of a claim that has been playing a central role in debates on corporate governance — the claim that interventions by activist hedge funds have a detrimental effect on the long-term interests of companies and their shareholders. We subject this claim to a...

Persistent link: https://www.econbiz.de/10013035383