Project on Hedge Fund Activism

The Hedge Fund Activism Project, operated by the Harvard Law School Program on Corporate Governance and the Harvard Law School Program on Law and Finance, seeks to foster research, discourse, and education with respect to hedge funds activism.

Research studies on hedge funds activism by faculty and fellows associated with the Programs includes:

The Law and Economics of Equity Swap Disclosure

Lucian A. Bebchuk

Universal Proxies

Scott Hirst
35 Yale Journal on Regulation, 437-512 (2018)

Dancing with Activists

Lucian A. Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch.
137 Journal of Financial Economics, 1-41 (2020)

Who Bleeds When the Wolves Bite? A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System

Leo E. Strine, Jr.
126 Yale Law Journal, 1870-1971 (2017)

Short-Termism and Shareholder Payouts: Getting Corporate Capital Flows Right

Jesse M. Fried & Charles C. Y. Wang
8 Review of Corporate Finance Studies,  207-233 (2019)

Servants of Two Masters? The Feigned Hysteria over Activist-Paid Directors

Yaron Nili
18 Pennsylvania Journal of Business Law, 509-572 (2016)

Against All Odds: Hedge Fund Activism in Controlled Companies

Kobi Kastiel
16 Columbia Business Law Review, 61-132 (2016)

The Long-Term Effects of Hedge Fund Activism

Lucian A. Bebchuk, Alon Brav, and Wei Jiang
115 Columbia Law Review 1085-1156 (2015)

Can We Do Better by Ordinary Investors? A Pragmatic Reaction to the Dueling Ideological Mythologists of Corporate Law

Leo E. Strine, Jr.
114 Columbia Law Review 449-502 (2014)

Corporate Short-Termism—In the Boardroom and in the Courtroom

Mark J. Roe
68 The Business Lawyer 977-1006 (2013)

The Myth That Insulating Boards Serves Long-Term Value

Lucian A. Bebchuk
113 Columbia Law Review 1637-1694 (2013)

Pre-Disclosure Accumulations by Activist Investors: Evidence and Policy

Lucian A. Bebchuk, Alon Brav, Robert J. Jackson, Jr. and Wei Jiang
39 Journal of Corporation Law 1-34 (2013)

The Law and Economics of Blockholder Disclosure

Lucian A. Bebchuk and Robert J. Jackson Jr.
22 Harvard Business Law Review 40-60 (2012)