Activist Hedge Funds and Takeovers: Their Effects on Employment and Performance

Published: May 6, 2021
Abstract
This paper analyses the impact of activist hedge funds (AHFs) on post‐merger workforce downsizing and operating performance. AHFs have been widely criticized for achieving short‐term gains at the expense of other stakeholders, such as employees. The results show that AHF ownership and presence in acquiring firms is a significant determinant of post‐merger employment reductions. There is little evidence that these mergers and acquisitions have...
Paper Details
Title
Activist Hedge Funds and Takeovers: Their Effects on Employment and Performance
Published Date
May 6, 2021
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