Introduction
Hedge fund activism has become a prominent feature in the corporate governance landscape in recent years. Activist hedge funds are known for taking significant stakes in publicly traded companies and using their influence to push for changes in corporate strategy, management, and governance. The impact of hedge fund activism on corporate performance is a topic of great interest and debate among academics, practitioners, and policymakers. This thesis aims to explore the relationship between hedge fund activism and corporate performance, with a focus on how activist interventions affect firm value, operating performance, and long-term shareholder value.
Chapter 1: Introduction
1.1 Introduction
1.2 Background of study
1.3 Problem Statement
1.4 Objective of study
1.5 Limitation of study
1.6 Scope of study
1.7 Significance of study
1.8 Structure of the Thesis
1.9 Definition of terms
Chapter 2: Literature Review
2.1 Overview of Hedge Fund Activism
2.2 Theoretical Framework
2.3 Empirical Studies on Hedge Fund Activism
2.4 Effects of Hedge Fund Activism on Corporate Performance
2.5 Factors Influencing Activist Success
2.6 Criticisms of Hedge Fund Activism
2.7 Regulatory Environment for Activist Investing
2.8 International Perspectives on Hedge Fund Activism
2.9 Summary of Literature Review
Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection
3.3 Sample Selection
3.4 Variables and Measures
3.5 Data Analysis Techniques
3.6 Hypotheses Development
3.7 Model Specification
3.8 Limitations of Methodology
Chapter 4: Discussion of Findings
4.1 Descriptive Statistics
4.2 Analysis of Activist Interventions
4.3 Impact of Activist Campaigns on Firm Performance
4.4 Long-term Effects of Hedge Fund Activism
4.5 Comparison of Activist and Non-Activist Companies
4.6 Relationship Between Activist Tactics and Firm Outcomes
4.7 Robustness Checks
4.8 Managerial Implications
4.9 Policy Recommendations
Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Contributions to Literature
5.3 Implications for Practice
5.4 Directions for Future Research
Thesis Overview
The Relationship Between Hedge Fund Activism and Corporate Performance
Hedge fund activism has emerged as a significant force in the corporate governance landscape, with activist investors seeking to influence the strategic direction and performance of publicly traded companies. This thesis aims to investigate the relationship between hedge fund activism and corporate performance, focusing on how activist interventions impact firm value, operating performance, and long-term shareholder value.
Chapter 1 provides an introduction to the topic, outlining the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of terms. Chapter 2 presents a comprehensive literature review on hedge fund activism, including theoretical frameworks, empirical studies, effects on corporate performance, factors influencing activist success, criticisms, and regulatory environments.
Chapter 3 details the research methodology, including research design, data collection, sample selection, variables, data analysis techniques, hypotheses development, model specification, and limitations. Chapter 4 discusses the findings of the study, including descriptive statistics, analysis of activist interventions, impact on firm performance, long-term effects, comparisons with non-activist companies, relationship between activist tactics and outcomes, robustness checks, managerial implications, and policy recommendations.
Chapter 5 concludes the thesis by summarizing the findings, highlighting contributions to the literature, implications for practice, and suggesting directions for future research. This thesis aims to contribute to the understanding of how hedge fund activism influences corporate performance and provides valuable insights for academics, practitioners, and policymakers in the field of corporate governance.
