Brav, Alon; Jiang, Wei; Li, Rongchen - 2022
1990s, shareholder engagement by activist hedge funds has evolved to become both an investment strategy and a remedy for … poor corporate governance. Hedge funds represent a group of highly incentivized, value-driven investors who are relatively … improvement. Activist hedge funds also differ from corporate raiders that operated in the 1980s, as they tend to accumulate strict …