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The Rock Center for Corporate Governance working paper series provides drafts of authoritative research by Stanford GSB faculty members on corporate governance and leadership topics.
The Arthur and Toni Rembe Rock Center for Corporate Governance is a joint initiative of Stanford Law School and Stanford GSB.
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We examine the long-term effects of interventions by activist hedge funds.
Prior papers document positive equal-weighted long-term returns and operating performance improvements following activist interventions, and typically conclude that activism...
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