19 research outputs found
Noncontact determination of skin blood flow using the laser speckle method: Application to patients with peripheral arterial occlusive disease (PAOD) and to type-I diabetics
Rejection of tumors and metastases in fischer 344 rats following intratumor administration of killedcorynebacterium parvum
Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors
We examine recent confrontational activism campaigns by hedge funds and other private investors. The main parallels between the groups are a significantly positive market reaction for the target firm around the initial Schedule 13D filing date, significantly positive returns over the subsequent year, and the activist's high success rate in achieving its original objective. Further, both activists frequently gain board representation through real or threatened proxy solicitations. Two major differences are that hedge funds target more profitable firms than other activists, and hedge funds address cash flow agency costs whereas other private investors change the target's investment strategies. Copyright (c) 2009 The American Finance Association.