Institutional Investor Activism
Hedge Funds and Private Equity, Economics and Regulation
Herausgeber: Bratton, William; McCahery, Joseph A
Institutional Investor Activism
Hedge Funds and Private Equity, Economics and Regulation
Herausgeber: Bratton, William; McCahery, Joseph A
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Over the past two decades, activist investors have begun to play an increasingly important role in corporate governance around the world. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves.
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Over the past two decades, activist investors have begun to play an increasingly important role in corporate governance around the world. This book analyses the impact of activists on the companies that they invest, the effects on shareholders and on activists funds themselves.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Produktdetails
- Produktdetails
- Verlag: Oxford University Press, USA
- Seitenzahl: 816
- Erscheinungstermin: 13. Oktober 2015
- Englisch
- Abmessung: 246mm x 196mm x 46mm
- Gewicht: 1451g
- ISBN-13: 9780198723943
- ISBN-10: 0198723946
- Artikelnr.: 42421733
- Herstellerkennzeichnung
- Libri GmbH
- Europaallee 1
- 36244 Bad Hersfeld
- 06621 890
- Verlag: Oxford University Press, USA
- Seitenzahl: 816
- Erscheinungstermin: 13. Oktober 2015
- Englisch
- Abmessung: 246mm x 196mm x 46mm
- Gewicht: 1451g
- ISBN-13: 9780198723943
- ISBN-10: 0198723946
- Artikelnr.: 42421733
- Herstellerkennzeichnung
- Libri GmbH
- Europaallee 1
- 36244 Bad Hersfeld
- 06621 890
William Bratton is Nicholas F. Gallicchio Professor of Law and Co-Director of the Institute for Law & Economics at the University of Pennsylvania Law School. He is recognized internationally as a leading writer on business law. He brings an interdisciplinary perspective to a wide range of subject matters that encompass corporate governance, corporate finance, accounting, corporate legal history, and comparative corporate law. His work has appeared in the California, Cornell, Michigan, Northwestern, Pennsylvania, Southern California, Stanford, and Virginia law reviews, and the Duke and Georgetown law journals amoung others. His book, Corporate Finance: Cases and Materials (Foundation Press, 7th ed. 2012), is the leading law school text on the subject. Bratton is a Research Associate of the European Corporate Governance Institute. In 2009, he was installed as the Anton Philips Professor at the Faculty of Law of Tilburg University, the fifth American academic to hold the chair. Joseph A. McCahery is Professor of International Economic Law at TILEC and Tilburg University School of Law. He is Program Director of the Finance and Law programs at Duisenberg school of finance. Previously, he held the Goldschmidt Visiting Chair of Corporate Governance at the Solvay Business School of the University of Brussels and Chair in Corporate Governance and Innovation at the University of Amsterdam Faculty of Business and Economics. He is co-director of the Amsterdam Center for Corporate Finance. He has contributed to the literature on banking and securities law, corporate law, corporate governance, the political economy of federalism, and taxation and has published in a wide range of top academic journals. He is a Research Associate of the European Corporate Governance Institute. He has served as a legal expert for the Centre for European Policy Studies, Monitoring Committee Corporate Governance, The Netherlands Ministry of Finance, OECD, and other governmental organizations.
* 1: William W. Bratton and Joseph A. McCahery: Introduction
* Part I. The Disempowered Shareholder
* 2: Stuart Gillan and Laura T. Starks: The Evolution of Shareholder
Activism in the United States
* 3: Lucian A. Bebchuk: The Myth of the Shareholder Franchise
* 4: Peter Cziraki, Luc Renneboog and Peter G. Szilagyi: Shareholder
Activism through Proxy Proposals: The European Perspective
* Part II. Hedge Fund Activism
* A. Patterns and Policy Questions - Dark Sides and Light Sides
* 5: Marcel Kahan and Edward Rock: Hedge Funds in Corporate Governance
and Corporate Control
* 6: John Armour and Brian Cheffins: The Rise and Fall (?) of
Shareholder Activism by Hedge Funds
* B. Ownership Stakes, Operating Results, and Financial Returns
* 7: Marco Becht, Julian Franks, Colin Mayer and Stefano Rossi: Returns
to Shareholder Activism: Evidence from a Clinical Study of the Hermes
Focus Fund
* 8: Alon Brav, Wei Jiang, Frank Partnoy and Randall Thomas: Hedge Fund
Activism, Corporate Governance and Corporate Performance
* 9: April Klein and Emanuel Zur: Entrepreneurial Shareholder Activism:
Hedge Funds and Other Private Investors
* C. Strategic Holding versus Collective Interest: Empty Voting and
Bankruptcy Reorganization
* 10: Henry T.C. Hu and Bernard S. Black: Debt, Equity and Hybrid
Decoupling: Corporate Governance and Systemic risk Implications
* 11: Douglas Baird and Robert K. Rasmussen: Common Pools, Common
Disasters and the Anti-Commons: Hedge Fund Activity in Corporate
Reorganizations
* 12: Wei Jiang, Kai Li and Wei Wang: Hedge Funds and Chapter 11
* Part III. Private Equity and Corporate Governance
* A. Structure and Motivation
* 13: Steven N. Kaplan and Per Strömberg: Leveraged Buyouts and Private
Equity
* B. How has Private Equity Performed?
* 14: Ludovic Phalippou: Performance of Buyout Funds Revisited
* Part IV. The Regulatory Framework
* A. Structural Treatment of Hedge funds and Private Equity: Investor
Protection and Systemic Risk
* 15: Douglas Cumming, Na Dai, and Sofia A. Johan: Hedge Fund
Regulation and Governance
* 16: Dan Awrey: The Limits of EU Hedge Fund Regulation
* 17: Joseph A. McCahery and Erik P.M. Vermeulen: Recasting Private
Equity Funds after the Financial Crisis: The End of 'Two and Twenty'
and the Emergence of Co-Investment and Separate Account Arrangements
* B. Regulation and the Costs and Benefits of Shareholder Activism
* 18: Lucian A. Bebchuk and Robert J. Jackson,Jr.: The Law and
Economics of Blockholder Disclosure
* 19: Jill E. Fisch: The Destructive Ambiguity of Federal Proxy Access
* C. Law Reform: the Burden of Persuasion
* 20: William W. Bratton and Michael L. Wachter: The Case Against
Shareholder Empowerment
* Part I. The Disempowered Shareholder
* 2: Stuart Gillan and Laura T. Starks: The Evolution of Shareholder
Activism in the United States
* 3: Lucian A. Bebchuk: The Myth of the Shareholder Franchise
* 4: Peter Cziraki, Luc Renneboog and Peter G. Szilagyi: Shareholder
Activism through Proxy Proposals: The European Perspective
* Part II. Hedge Fund Activism
* A. Patterns and Policy Questions - Dark Sides and Light Sides
* 5: Marcel Kahan and Edward Rock: Hedge Funds in Corporate Governance
and Corporate Control
* 6: John Armour and Brian Cheffins: The Rise and Fall (?) of
Shareholder Activism by Hedge Funds
* B. Ownership Stakes, Operating Results, and Financial Returns
* 7: Marco Becht, Julian Franks, Colin Mayer and Stefano Rossi: Returns
to Shareholder Activism: Evidence from a Clinical Study of the Hermes
Focus Fund
* 8: Alon Brav, Wei Jiang, Frank Partnoy and Randall Thomas: Hedge Fund
Activism, Corporate Governance and Corporate Performance
* 9: April Klein and Emanuel Zur: Entrepreneurial Shareholder Activism:
Hedge Funds and Other Private Investors
* C. Strategic Holding versus Collective Interest: Empty Voting and
Bankruptcy Reorganization
* 10: Henry T.C. Hu and Bernard S. Black: Debt, Equity and Hybrid
Decoupling: Corporate Governance and Systemic risk Implications
* 11: Douglas Baird and Robert K. Rasmussen: Common Pools, Common
Disasters and the Anti-Commons: Hedge Fund Activity in Corporate
Reorganizations
* 12: Wei Jiang, Kai Li and Wei Wang: Hedge Funds and Chapter 11
* Part III. Private Equity and Corporate Governance
* A. Structure and Motivation
* 13: Steven N. Kaplan and Per Strömberg: Leveraged Buyouts and Private
Equity
* B. How has Private Equity Performed?
* 14: Ludovic Phalippou: Performance of Buyout Funds Revisited
* Part IV. The Regulatory Framework
* A. Structural Treatment of Hedge funds and Private Equity: Investor
Protection and Systemic Risk
* 15: Douglas Cumming, Na Dai, and Sofia A. Johan: Hedge Fund
Regulation and Governance
* 16: Dan Awrey: The Limits of EU Hedge Fund Regulation
* 17: Joseph A. McCahery and Erik P.M. Vermeulen: Recasting Private
Equity Funds after the Financial Crisis: The End of 'Two and Twenty'
and the Emergence of Co-Investment and Separate Account Arrangements
* B. Regulation and the Costs and Benefits of Shareholder Activism
* 18: Lucian A. Bebchuk and Robert J. Jackson,Jr.: The Law and
Economics of Blockholder Disclosure
* 19: Jill E. Fisch: The Destructive Ambiguity of Federal Proxy Access
* C. Law Reform: the Burden of Persuasion
* 20: William W. Bratton and Michael L. Wachter: The Case Against
Shareholder Empowerment
* 1: William W. Bratton and Joseph A. McCahery: Introduction
* Part I. The Disempowered Shareholder
* 2: Stuart Gillan and Laura T. Starks: The Evolution of Shareholder
Activism in the United States
* 3: Lucian A. Bebchuk: The Myth of the Shareholder Franchise
* 4: Peter Cziraki, Luc Renneboog and Peter G. Szilagyi: Shareholder
Activism through Proxy Proposals: The European Perspective
* Part II. Hedge Fund Activism
* A. Patterns and Policy Questions - Dark Sides and Light Sides
* 5: Marcel Kahan and Edward Rock: Hedge Funds in Corporate Governance
and Corporate Control
* 6: John Armour and Brian Cheffins: The Rise and Fall (?) of
Shareholder Activism by Hedge Funds
* B. Ownership Stakes, Operating Results, and Financial Returns
* 7: Marco Becht, Julian Franks, Colin Mayer and Stefano Rossi: Returns
to Shareholder Activism: Evidence from a Clinical Study of the Hermes
Focus Fund
* 8: Alon Brav, Wei Jiang, Frank Partnoy and Randall Thomas: Hedge Fund
Activism, Corporate Governance and Corporate Performance
* 9: April Klein and Emanuel Zur: Entrepreneurial Shareholder Activism:
Hedge Funds and Other Private Investors
* C. Strategic Holding versus Collective Interest: Empty Voting and
Bankruptcy Reorganization
* 10: Henry T.C. Hu and Bernard S. Black: Debt, Equity and Hybrid
Decoupling: Corporate Governance and Systemic risk Implications
* 11: Douglas Baird and Robert K. Rasmussen: Common Pools, Common
Disasters and the Anti-Commons: Hedge Fund Activity in Corporate
Reorganizations
* 12: Wei Jiang, Kai Li and Wei Wang: Hedge Funds and Chapter 11
* Part III. Private Equity and Corporate Governance
* A. Structure and Motivation
* 13: Steven N. Kaplan and Per Strömberg: Leveraged Buyouts and Private
Equity
* B. How has Private Equity Performed?
* 14: Ludovic Phalippou: Performance of Buyout Funds Revisited
* Part IV. The Regulatory Framework
* A. Structural Treatment of Hedge funds and Private Equity: Investor
Protection and Systemic Risk
* 15: Douglas Cumming, Na Dai, and Sofia A. Johan: Hedge Fund
Regulation and Governance
* 16: Dan Awrey: The Limits of EU Hedge Fund Regulation
* 17: Joseph A. McCahery and Erik P.M. Vermeulen: Recasting Private
Equity Funds after the Financial Crisis: The End of 'Two and Twenty'
and the Emergence of Co-Investment and Separate Account Arrangements
* B. Regulation and the Costs and Benefits of Shareholder Activism
* 18: Lucian A. Bebchuk and Robert J. Jackson,Jr.: The Law and
Economics of Blockholder Disclosure
* 19: Jill E. Fisch: The Destructive Ambiguity of Federal Proxy Access
* C. Law Reform: the Burden of Persuasion
* 20: William W. Bratton and Michael L. Wachter: The Case Against
Shareholder Empowerment
* Part I. The Disempowered Shareholder
* 2: Stuart Gillan and Laura T. Starks: The Evolution of Shareholder
Activism in the United States
* 3: Lucian A. Bebchuk: The Myth of the Shareholder Franchise
* 4: Peter Cziraki, Luc Renneboog and Peter G. Szilagyi: Shareholder
Activism through Proxy Proposals: The European Perspective
* Part II. Hedge Fund Activism
* A. Patterns and Policy Questions - Dark Sides and Light Sides
* 5: Marcel Kahan and Edward Rock: Hedge Funds in Corporate Governance
and Corporate Control
* 6: John Armour and Brian Cheffins: The Rise and Fall (?) of
Shareholder Activism by Hedge Funds
* B. Ownership Stakes, Operating Results, and Financial Returns
* 7: Marco Becht, Julian Franks, Colin Mayer and Stefano Rossi: Returns
to Shareholder Activism: Evidence from a Clinical Study of the Hermes
Focus Fund
* 8: Alon Brav, Wei Jiang, Frank Partnoy and Randall Thomas: Hedge Fund
Activism, Corporate Governance and Corporate Performance
* 9: April Klein and Emanuel Zur: Entrepreneurial Shareholder Activism:
Hedge Funds and Other Private Investors
* C. Strategic Holding versus Collective Interest: Empty Voting and
Bankruptcy Reorganization
* 10: Henry T.C. Hu and Bernard S. Black: Debt, Equity and Hybrid
Decoupling: Corporate Governance and Systemic risk Implications
* 11: Douglas Baird and Robert K. Rasmussen: Common Pools, Common
Disasters and the Anti-Commons: Hedge Fund Activity in Corporate
Reorganizations
* 12: Wei Jiang, Kai Li and Wei Wang: Hedge Funds and Chapter 11
* Part III. Private Equity and Corporate Governance
* A. Structure and Motivation
* 13: Steven N. Kaplan and Per Strömberg: Leveraged Buyouts and Private
Equity
* B. How has Private Equity Performed?
* 14: Ludovic Phalippou: Performance of Buyout Funds Revisited
* Part IV. The Regulatory Framework
* A. Structural Treatment of Hedge funds and Private Equity: Investor
Protection and Systemic Risk
* 15: Douglas Cumming, Na Dai, and Sofia A. Johan: Hedge Fund
Regulation and Governance
* 16: Dan Awrey: The Limits of EU Hedge Fund Regulation
* 17: Joseph A. McCahery and Erik P.M. Vermeulen: Recasting Private
Equity Funds after the Financial Crisis: The End of 'Two and Twenty'
and the Emergence of Co-Investment and Separate Account Arrangements
* B. Regulation and the Costs and Benefits of Shareholder Activism
* 18: Lucian A. Bebchuk and Robert J. Jackson,Jr.: The Law and
Economics of Blockholder Disclosure
* 19: Jill E. Fisch: The Destructive Ambiguity of Federal Proxy Access
* C. Law Reform: the Burden of Persuasion
* 20: William W. Bratton and Michael L. Wachter: The Case Against
Shareholder Empowerment