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Hedge Funds and Financial Markets

An Asset Management and Corporate Governance Perspective

  • Authors
  • Julian Holler

Part of the Geld – Banken – Börsen book series (GBB)

Table of contents

  1. Front Matter
    Pages I-XXV
  2. Julian Holler
    Pages 1-7
  3. Julian Holler
    Pages 364-368
  4. Back Matter
    Pages 369-410

About this book

Introduction

Hedge funds have started to play an important role in financial markets during the last decade. They have affected important aspects of financial intermediation such as asset allocation decisions and corporate governance. Julian Holler provides an excellent theoretical and empirical analysis of these issues. His analysis offers strong support that hedge funds enable investors to improve asset allocation decisions. Consequently, hedge funds are an interesting alternative asset class for institutional investors. In contrast to results for the U.S. capital market his research provides evidence that hedge fund activism does not persistently increase the value of firms in Germany. This result suggests that the institutional environment has a strong influence on the effectiveness of corporate governance mechanisms.

Keywords

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Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8349-3616-5
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012
  • Publisher Name Gabler Verlag
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-3277-8
  • Online ISBN 978-3-8349-3616-5
  • Buy this book on publisher's site
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