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Can the market identify prosperous activist engagements? Evidence from announcement and long-term buy-and-hold returns

https://doi.org/10.2139/ssrn.3800001
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18/18 checkable references clean · checked 2026-08-28

Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.

7 without a DOI — not checked. A reference deposited without a DOI is never matched by title or guessed at; it stays outside the checked set, and this line discloses that.

The 18 checked references that resolve
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Dancing with activists
resolves10.1016/0304-405X(91)90032-F
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resolves10.1007/s11147-011-9065-6
Corporate governance and hedge fund activism
resolves10.1111/j.1540-6261.2008.01373.x
Hedge Fund Activism, Corporate Governance, and Firm Performance
resolves10.1016/j.jbankfin.2010.07.016
Multi-country event-study methods
resolves10.1016/j.jcorpfin.2008.04.007
Value creation or destruction? Hedge funds as shareholder activists
resolves10.1007/BF00939016
Nonparametric event study tests
resolves10.1016/j.jcorpfin.2016.03.005
Thirty years of shareholder activism: A survey of empirical research
resolves10.1016/j.jfineco.2008.05.005
Investor activism and takeovers☆
resolves10.1111/j.1540-6261.2008.01432.x
Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors
resolves10.1016/j.jfineco.2017.03.006
Skill and luck in private equity performance
resolves10.1016/j.jcorpfin.2016.08.009
The second wave of hedge fund activism: The importance of reputation, clout, and expertise
resolves10.1111/j.1540-6261.2007.01222.x
Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle
resolves10.1007/s12197-011-9203-x
Hedge funds versus private equity funds as shareholder activists in Germany — differences in value creation
resolves10.1111/j.1540-6288.2012.00331.x
Labor Unions as Shareholder Activists: Champions or Detractors?
resolves10.1016/B978-0-44-453594-8.00007-0
Endogeneity in Empirical Corporate Finance1
resolves10.1080/01621459.1989.10478868
Optimal Matching for Observational Studies
resolves10.1093/biomet/70.1.41
The central role of the propensity score in observational studies for causal effects
The 7 references without a DOI — listed, not checked
no DOI — not checkedValue creation in shareholder activism
no DOI — not checkedref3
no DOI — not checkedref4
no DOI — not checkedSelf-selection models in corporate finance
no DOI — not checkedref19
no DOI — not checkedref24
no DOI — not checkedref25
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