Hedge funds are more likely to target firms with high levels of institutional ownership and demonstrate a preference for short-term focused institutional investors. Hedge fund activism generates short run and long run abnormal returns without increasing stock return volatility. Regardless of...

This paper is the first to evaluate the effectiveness of youth financial literacy education programs in an environment of a government mandate to embed financial literacy education across the curriculum in grades four to twelve. It presents results from a unique data set of survey and focus...