03370nam 2200613 450 991082472780332120230807221640.00-19-103979-90-19-103978-0(CKB)3710000000465792(EBL)3564758(SSID)ssj0001579087(PQKBManifestationID)16253780(PQKBTitleCode)TC0001579087(PQKBWorkID)14857760(PQKB)11535346(MiAaPQ)EBC3564758(Au-PeEL)EBL3564758(CaPaEBR)ebr11091218(CaONFJC)MIL823986(OCoLC)918983829(EXLCZ)99371000000046579220151117d2015 uy| 0engur|n|---|||||txtccrInstitutional investor activism hedge funds and private equity, economics and regulation /edited by William W. Bratton and Joseph A. McCaheryFirst edition.Oxford :Oxford University Press,2015.1 online resource (817 p.)Description based upon print version of record.0-19-872393-8 0-19-872394-6 Includes bibliographical references and index.""Cover""; ""Institutional Investor Activism: Hedge Funds and Private Equity, Economics and Regulation""; ""Copyright""; ""Preface""; ""Acknowledgements""; ""Contents""; ""List of Figures""; ""List of Tables""; ""Table of Cases""; ""List of Contributors""; ""1. Introduction""; ""Part I The Disempowered Shareholder""; ""2. The Evolution of Shareholder Activism in the United States""; ""3. The Myth of the Shareholder Franchise""; ""4. Shareholder Activism through Proxy Proposals: The European Perspective""; ""Part II Hedge Fund Activism""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.Institutional investmentsHedge fundsPrivate equityInstitutional investments.Hedge funds.Private equity.332.64524Bratton William W.McCahery Joseph A.MiAaPQMiAaPQMiAaPQBOOK9910824727803321Institutional investor activism3996436UNINA