The Rhetoric and Reality of Shareholder Democracy and Hedge-Fund Activism

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Product Information

ISBN9781009576437
PublisherCambridge University Press
Price (excl. tax)€27.26
Tax€1.64
Price (incl. tax)€28.90
Availability3 units in external warehouse

Product Description

This Element investigates the historical and systemic roots of hedge-fund activism. It argues that the spirit of the New Deal financial regulations was subverted in the 1980s and 1990s and opened the door for the rise of hedge-fund activism. It concludes with policy proposals for rebuilding the proxy-voting and engagement system.