Abstract and Keywords
Hedge funds are now considered as a related—and distinctive—form of active investor. This chapter shows how hedge funds have become critical players within the financial market, of which they comprised more than $2 trillion in market value during the last few months of 2011. It discusses the evolution of hedge fund activism, its implications for corporate governance, and the nature of hedge fund activism. It differentiates hedge fund activism from the activism of traditional institutional investors, venture capital funds, and private equity funds. The chapter also studies the short- and long-term effects of hedge fund activism on firm performance, corporate governance, and value.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.