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The European Crowdfunding Regulation : Opportunities for Alternative Investment Fund(s) (Managers)?

Hooghiemstra, Sebastiaan Niels - 2021

On the 10th of November 2021, the European crowdfunding regulation (“ESCPR”), as well as a related directive to amend …

Persistent link: https://www.econbiz.de/10013323255

Online Appendix for : 'Dissecting the Listing Gap: Mergers, Private Equity, or Regulation?'

Lattanzio, Gabriele - 2020

Section 1 presents tests for the hypothesis that shifts in technology and industry composition might have played a key role in causing the U.S. listing gap. We replicate our core analysis at the industry level and find no evidence that the dynamics of the number of listing is driven by industry...

Persistent link: https://www.econbiz.de/10012840195

Private Equity Performance Under Extreme Regulation

Cumming, Douglas J. - 2012

This study investigates the impact of excessive regulation on private equity (PE) returns and firm performance. History … shows that extreme regulation and prohibition reduce the supply of capital and raise returns (e.g., as with drugs and … diamonds). However, for value-added investors such as PE funds, extreme regulation also reduces the quality of capital and fund …

Persistent link: https://www.econbiz.de/10013106627

Private Equity Performance Under Extreme Regulation

Cumming, Douglas J. - 2014

Persistent link: https://www.econbiz.de/10013068474

Dissecting the Listing Gap : Mergers, Private Equity, or Regulation?

Lattanzio, Gabriele; Megginson, William L.; Sanati, Ali - 2021

The abnormal decline in the number of US public firms is often blamed on merger activity, private equity investments, and stock market regulations. We compare and quantify the effects of these channels on the evolution of the US listing gap in a unified framework. In the US, an extra 100 mergers...

Persistent link: https://www.econbiz.de/10013246937

Governance by Persuasion : Hedge Fund Activism and Market-based Shareholder Influence

Brav, Alon; Jiang, Wei; Li, Rongchen - 2022

Hedge fund activism refers to the phenomenon where hedge fund investors acquire a strict minority block of shares in a target firm and then attempt to pressure management for changes in corporate policies and governance with the aim to improve firm performance. This study provides an updated...

Persistent link: https://www.econbiz.de/10013322470

Retail Hedge Fund Investors and the Inequality of Investment Opportunities

Sinclair, Andrew; Zhang, Chuyi - 2021

In the interest of consumer financial protection, most households do not have access to the hedge fund market. We show that this creates an inequality of investment opportunities. Wealthy households can access this market, and while these retail investors behave very differently from...

Persistent link: https://www.econbiz.de/10013224062

The Effectiveness of Being Invisible : Hedge Funds, Hidden Ownership and Corporate Governance

Chattopadhyaya, Soumyadri - 2011

The dissociation of a share into voting and economic rights has made hidden ownership possible. This article underscores the benefits of hidden ownership and examines its impact on corporate governance. It then examines hedge fund activism as a means of revitalizing corporate governance and...

Persistent link: https://www.econbiz.de/10013131949

The battle for Wall Street : behind the lines in the struggle that pushed an industry into turmoil

Goldberg, Richard - 2009

Persistent link: https://www.econbiz.de/10003750170

Returns to Hedge Fund Activism : An International Study

Becht, Marco - 2017

This paper provides evidence on the incidence, characteristics, and performance of activist engagements across countries. We find that the incidence of activism is greatest with high institutional ownership, particularly for U.S. institutions. We use a sample of 1,740 activist engagements across...

Persistent link: https://www.econbiz.de/10012973619