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Investment Funds are emerging as increasingly relevant shareholders in listed companies and banks. In light of such market … rules. First, the paper shows that the application of takeover rules to CIS as shareholders raises significant complexities … shareholdings, groups and conflict of interest, slate voting, etc.) implicitly assumes that shareholders are mainly individuals or …
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We investigate the valuation effects of German firms targeted by hedge funds and by private equity investors. We argue that both types of investors differ from other blockholders by their strong motivation and ability to actively engage and reduce agency costs. Consequently, we find positive...
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of asset managers, shareholders now attempt to directly change the companies in which they invest. The New Power Brokers …
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voting shareholders on different types of proposals set up for voting at shareholders meetings and explore fund …
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