Shareholder Activism Many financial institutions use the media to drive shareholder activism strategies so that pressure is
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Shareholder Activism Many financial institutions use the media to drive shareholder activism strategies so that pressure is maximized on the target firm managers. Is this evidence that institutional shareholders believe in efficient markets, behavioural finance or both? What would happen to market efficiency if all investors follow a passive buy-and-hold investment strategy? Explain.
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Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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