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© 2012

Hedge Funds and Financial Markets

An Asset Management and Corporate Governance Perspective

  • Authors
Book

Part of the Geld – Banken – Börsen book series (GBB)

Table of contents

  1. Front Matter
    Pages I-XXV
  2. Julian Holler
    Pages 1-7
  3. Julian Holler
    Pages 364-368
  4. Back Matter
    Pages 369-410

About this book

Introduction

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.

Keywords

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About the authors

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.

Bibliographic information

  • Book Title Hedge Funds and Financial Markets
  • Book Subtitle An Asset Management and Corporate Governance Perspective
  • Authors Julian Holler
  • Series Title Geld – Banken – Börsen
  • Series Abbreviated Title GBB
  • DOI https://doi.org/10.1007/978-3-8349-3616-5
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012
  • Publisher Name Gabler Verlag
  • eBook Packages Business and Economics Economics and Finance (R0)
  • Softcover ISBN 978-3-8349-3277-8
  • eBook ISBN 978-3-8349-3616-5
  • Edition Number 1
  • Number of Pages XXV, 410
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Finance, general
  • Buy this book on publisher's site

Reviews

"Eine interessante Lektüre für alle (Investoren), die sich eingehender mit Hedgefonds beschäftigen möchten." Absolut report, 3-2012