Hedge Funds and Financial Markets

An Asset Management and Corporate Governance Perspective
1. Auflage 2012
ISBN: 978-3-8349-3277-8
Verlag: Gabler Verlag

Buch, Englisch, 410 Seiten, Paperback, Format (B × H): 148 mm x 210 mm, Gewicht: 565 g

Reihe: Geld - Banken - Börsen

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.

Zielgruppe

Research

Autoren/Hrsg.

Holler, Julian

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

Hedge Funds as an Individual Investment and from a Portfolio Perspective. - Hedge Fund Activism and Corporate Governance in Germany. - Empirical Analysis: Optimal Asset Allocation with Hedge Funds and the Valuation Effects of Hedge Fund Activism in Germany.

Über Autor(innen)

Julian Holler was a research assistant at the Center for Banking and Finance at the University Giessen (Prof. Dr. Wolfgang Bessler). He works as a consultant focusing on energy and commodity markets in Frankfurt a.M.