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Institutional investor activism : hedge funds and private equity, economics and regulation /

The role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research companies, t...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Bratton, William W., 1951- (Editor ), McCahery, Joseph (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Oxford : Oxford University Press, 2015.
Edición:First edition.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Institutional investor activism :  |b hedge funds and private equity, economics and regulation /  |c edited by William W. Bratton and Joseph A. McCahery. 
250 |a First edition. 
264 1 |a Oxford :  |b Oxford University Press,  |c 2015. 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
588 0 |a Online resource; title from PDF title page (EBSCO, viewed August 21, 2015) 
504 |a Includes bibliographical references and index. 
505 0 |a Introduction / William W. Bratton and Joseph A. McCahery -- The evolution of shareholder activism in the United States / Stuart Gillan and Laura T. Starks -- The myth of the shareholder franchise / Lucian A. Bebchuk -- Shareholder activism through proxy proposals : the European perspective / Peter Cziraki, Luc Renneboog and Peter G. Szilagyi -- Hedge funds in corporate governance and corporate control / Marcel Kahan and Edward Rock -- The rise and fall (?) of shareholder activism by hedge funds / John Armour and Brian Cheffins -- Returns to shareholder activism : evidence from a clinical study of the Hermes Focus Fund / Marco Becht, Julian Franks, Colin Mayer and Stefano Rossi -- Hedge fund activism, corporate governance and corporate performance / Alon Brav, Wei Jiang, Frank Partnoy and Randall Thomas -- Entrepreneurial shareholder activism : hedge funds and other private investors / April Klein and Emanuel Zur -- Debt, equity and hybrid decoupling : corporate governance and systemic risk implications / Henry T.C. Hu and Bernard S. Black -- Common pools, common disasters and the anti-commons : hedge fund activity in corporate reorganizations / Douglas Baird and Robert K. Rasmussen -- Hedge funds and Chapter 11 / Wei Jiang, Kai Li and Wei Wang -- Leveraged buyouts and private equity / Steven N. Kaplan and Per Stromberg -- Performance of buyout funds revisited / Ludovic Phalippou -- Hedge fund regulation and governance / Douglas Cumming, Na Dai, and Sofia A. Johan -- The limits of EU hedge fund regulation / Dan Awrey -- Recasting private equity funds after the financial crisis : the end of 'Two and Twenty' and the emergence of co-Investment and separate account arrangements / Joseph A. McCahery and Erik P.M. Vermeulen -- The law and economics of blockholder disclosure / Lucian A. Bebchuk and Robert J. Jackson, Jr. -- The destructive ambiguity of federal proxy access / Jill E. Fisch -- The case against shareholder empowerment / William W. Bratton and Michael L. Wachter. 
520 |a The role of the hostile activist shareholder has been taken up by a set of hedge funds. Hedge fund activism is characterized by mergers and corporate restructuring, replacement of management and board members, proxy voting, and lobbying of management. These investors target and research companies, take large positions in their stock, criticize their business plans and governance practices, and confront their managers, demanding action enhancing shareholder value. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves. Chapters examine such topic as investors' strategic approaches, the financial returns they produce, and the regulatory frameworks within which they operate. The chapters also provide historical context, both of activist investment and institutional shareholder passivity. The volume facilitates a comparison between the US and the EU, juxtaposing not only regulatory patterns but investment styles.-- Back cover. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Hedge funds  |x Law and legislation. 
650 0 |a Private equity  |x Law and legislation. 
650 7 |a LAW / Administrative Law & Regulatory Practice  |2 bisacsh 
650 7 |a Hedge funds  |x Law and legislation  |2 fast 
650 7 |a Private equity  |x Law and legislation  |2 fast 
700 1 |a Bratton, William W.,  |d 1951-  |e editor.  |1 https://id.oclc.org/worldcat/entity/E39PCjGRPFcMMvB6wdCyr34rdP 
700 1 |a McCahery, Joseph,  |e editor. 
758 |i has work:  |a Institutional investor activism (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCH8BgDQcJX9hDRVYMVdjfm  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |t Institutional investor activism  |b First edition  |d Oxford : Oxford University Press, 2015  |z 9780198723943  |w (DLC) 2015937040  |w (OCoLC)884817927 
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