2018

Jie (Michael) Guo,刚健华,Nan Hu,Vinay Utham——QUANTITATIVE FINANCE:The role of derivatives in hedge fund activism

时间:2018-04-23
Using a hand-collected sample of hedge fund activist engagements from 1994 to 2014, this study analysed the role of derivatives in the hedge fund activism. Evidence shows abnormal returns of targets of hedge fund activists who did not use derivatives exceeded the abnormal returns of targets of hedge fund activists who employed derivatives around the activist engagement disclosure period. We also find that idiosyncratic volatility of the targets of hedge fund activists who did not use derivatives
上一篇:何青,钱宗鑫——《金融研究》:中国系统性金融风险的度量-基于实体经济的视角 下一篇:张文春——《中国人民大学学报》:开拓创新,求索不止:怀念侯梦蟾教授
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