Over the past two decades, hedge fund activism has emerged as a new mechanism of corporate governance that brings about … operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are … implications related to the ongoing debate on corporate governance and the rights and roles of shareholders. I find statistically …

heterogeneity plays a major internal governance role in preempting corporate bad news hoarding activities. In additional analysis … conflicts and poor governance. Collectively, our results lend empirical support for the importance of developing a heterogeneous …