Hedge funds and financial markets : an asset management and corporate governance perspective
著者
書誌事項
Hedge funds and financial markets : an asset management and corporate governance perspective
（Gabler research, . Geld,
Gabler, 2012
1st ed
大学図書館所蔵 全3件
注記
Thesis (doctoral)--Justus-Liebig Universität Gießen, 2011
Bibliography: p. 369-410
内容説明・目次
内容説明
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.
目次
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.
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