Hedge Funds and Financial Markets

Hedge Funds and Financial Markets

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Empirical studies for the U.S. market conclude that hedge fund activism helps t o reduce agency problems of free cash flows and therefore improves the ... For instance, based on a sample of 404 U.S. events between 2003 and 2005, Klein and Zur (2009) document short- and long-term increases in share ... Accord ing to their results, positive valuation effects are driven by changes in operating strategies.

Title:Hedge Funds and Financial Markets
Author:Julian Holler
Publisher:Springer Science & Business Media - 2012-01-02


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