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Hedge Funds as Activist Shareholders: Passing Phenomenon or Grave-Diggers of Public Corporations?

2007; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.961828

1556-5068

Yvan Allaire, Mihaela E. Firsirotu,

State Capitalism and Financial Governance

The recent wave of corporate scandals has placed corporate executives and boards of directors in the cross hairs of public opinion. However, the tactics of some new wave investors, particularly some breed of hedge funds (which would be more aptly called speculative funds), and their relentless efforts to commoditize industrial firms may bring the investor community under closer scrutiny.