Ownership in Family Businesses -- The Concept of Family Businesses -- Integrating Competence and Commitment -- Structure of the Entrepreneurial Family -- Structure of the Company. Structure of Secondary Assets -- Processes of the Owner Family -- Processes for Advancing the Business -- Developing...

This paper provides evidence that returns to hedge fund activism are driven by engagement outcomes. We use a sample of 1,740 activist engagements from 23 countries to estimate performance of activism across North America, Europe and Asia. Striking differences emerge across countries in outcomes...