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Table of contents (5 chapters)
Keywords
About this book
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.
Reviews
"Eine interessante Lektüre für alle (Investoren), die sich eingehender mit Hedgefonds beschäftigen möchten." Absolut report, 3-2012
About the author
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
DOI: https://doi.org/10.1007/978-3-8349-3616-5
Publisher: Gabler Verlag Wiesbaden
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012
Softcover ISBN: 978-3-8349-3277-8Published: 13 January 2012
eBook ISBN: 978-3-8349-3616-5Published: 02 January 2012
Edition Number: 1
Number of Pages: XXV, 410
Topics: Finance, general