External monitoring and returns to hedge fund activist campaigns
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DOI: 10.1002/rfe.1071
Abstract: Firms targeted by hedge fund activists experience significantly higher returns when there are fewer external monitors in place at the target firm. Using analyst coverage and institutional ownership as measures of external monitoring presence, we… read more here.
Keywords: hedge fund; monitoring returns; activist; external monitoring ... See more keywords
Auditee Religiosity, External Monitoring, and the Pricing of Audit Services
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DOI: 10.1007/s10551-016-3284-6
Abstract: Based on prior studies which show that firms headquartered in high religiosity counties exhibit high level of business ethics, this study examines whether these firms are associated with low audit risk, and therefore low audit… read more here.
Keywords: audit fees; religiosity; low audit; audit ... See more keywords