Hedge funds and financial markets : an asset management and corporate governance perspective / Julian Holler ; with a foreword by Wolfgang Bessler.
"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 o...
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| Main Author: | |
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| Format: | Ebook |
| Language: | English |
| Published: |
Wiesbaden :
Gabler,
c2012.
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| Series: | Gabler research. Geld, Banken, Börsen.
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| Subjects: | |
| Online Access: | Springer eBooks |
| Summary: | "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."--Publisher's website. |
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| Item Description: | Description based on print version record. |
| Physical Description: | 1 electronic document (xxv, 410 p.). |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 1283452154 3834936162 9781283452151 9783834936165 |