External monitoring and returns to hedge fund activist campaigns
Sign Up to like & getrecommendations! Published in 2019 at "Review of Financial Economics"
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