Corporate Law and Corporate Governance
Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund
Marco Becht, Julian Franks, Colin Mayer, and Stefano Rossi
- Year
- 2009
- Venue
- Review of Financial Studies
- Level
- Advanced
Summary
Uses a clinical study of a UK activist fund to examine private engagement with portfolio companies. The article connects intervention records and outcomes to the mechanisms, costs, and returns of institutional shareholder activism.
Citation
Marco Becht, Julian Franks, Colin Mayer, and Stefano Rossi. "Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund." Review of Financial Studies, 2009.
DOI: 10.1093/rfs/hhn054
BibTeX
@article{Becht2009Returns,
title = {Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund},
author = {Marco Becht, Julian Franks, Colin Mayer, and Stefano Rossi},
year = {2009},
journal = {Review of Financial Studies},
doi = {10.1093/rfs/hhn054},
url = {https://doi.org/10.1093/rfs/hhn054}
}