LEADER 03370nam 2200613 450 001 9910797575003321 005 20230807221640.0 010 $a0-19-103979-9 010 $a0-19-103978-0 035 $a(CKB)3710000000465792 035 $a(EBL)3564758 035 $a(SSID)ssj0001579087 035 $a(PQKBManifestationID)16253780 035 $a(PQKBTitleCode)TC0001579087 035 $a(PQKBWorkID)14857760 035 $a(PQKB)11535346 035 $a(MiAaPQ)EBC3564758 035 $a(Au-PeEL)EBL3564758 035 $a(CaPaEBR)ebr11091218 035 $a(CaONFJC)MIL823986 035 $a(OCoLC)918983829 035 $a(EXLCZ)993710000000465792 100 $a20151117d2015 uy| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aInstitutional investor activism $ehedge funds and private equity, economics and regulation /$fedited by William W. Bratton and Joseph A. McCahery 205 $aFirst edition. 210 1$aOxford :$cOxford University Press,$d2015. 215 $a1 online resource (817 p.) 300 $aDescription based upon print version of record. 311 $a0-19-872393-8 311 $a0-19-872394-6 320 $aIncludes bibliographical references and index. 327 $a""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"" 330 $aThe 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. 606 $aInstitutional investments 606 $aHedge funds 606 $aPrivate equity 615 0$aInstitutional investments. 615 0$aHedge funds. 615 0$aPrivate equity. 676 $a332.64524 702 $aBratton$b William W. 702 $aMcCahery$b Joseph A. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910797575003321 996 $aInstitutional investor activism$93796746 997 $aUNINA