Hedge Funds and Financial Markets

An Asset Management and Corporate Governance Perspective

Paperback Engels 2012 2012e druk 9783834932778
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

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.

Specificaties

ISBN13:9783834932778
Taal:Engels
Bindwijze:paperback
Aantal pagina's:410
Uitgever:Gabler Verlag
Druk:2012

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Inhoudsopgave

<p>Hedge Funds as an Individual Investment and from a Portfolio Perspective. - Hedge Fund Activism and Corporate Governance in Germany. - Empirical Analysis: Optimal Asset Allocation with Hedge Funds and the Valuation Effects of Hedge Fund Activism in Germany.</p>

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        Hedge Funds and Financial Markets