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, policy-making, discourse, and education with respect to hedge funds activism.

The Research Director of the Project is Professor Lucian Bebchuk.

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

Dancing with Activists
Lucian A. Bebchuk, Alon Brav, Wei Jiang, and Thomas Keusch.
Harvard Law School Program on Corporate Governance Discussion Paper No. 2017-7, April 2017.

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.
Harvard Law School Program on Corporate Governance Discussion Paper No. 2017-4, February 2017.
Forthcoming in 126 Yale Law Journal (2017).

Short-Termism and Shareholder Payouts: Getting Corporate Capital Flows Right
Jesse M. Fried & Charles C. Y. Wang
Harvard Law School Program on Corporate Governance Discussion Paper No. 2017-3, January 2017.

Servants of Two Masters? The Feigned Hysteria over Activist-Paid Directors
Yaron Nili
Published in 18 Pennsylvania Journal of Business Law (2016).

The Long-Term Effects of Hedge Fund Activism
Lucian A. Bebchuk, Alon Brav, and Wei Jiang
Published in 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.
Published in 114 Columbia Law Review 449-502 (2014).

Corporate Short-Termism—In the Boardroom and in the Courtroom
Mark J. Roe
Published in 68 The Business Lawyer 977-1006 (2013).

The Myth That Insulating Boards Serves Long-Term Value
Lucian A. Bebchuk
Published in 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
Published in 39 Journal of Corporation Law 1-34 (2013).

The Law and Economics of Blockholder Disclosure
Lucian Bebchuk and Robert J. Jackson Jr.
Published in 22 Harvard Business Law Review 40-60 (2012).