Author : Peter Weber
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (884 download)
Book Synopsis Hedge Fund Activism and Information Disclosure: the Case of Germany by : Peter Weber
Download or read book Hedge Fund Activism and Information Disclosure: the Case of Germany written by Peter Weber and published by . This book was released on 2010 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the German regulatory framework, we provide a more detailed picture about the information disclosure process surrounding the announcement of major shareholdings of hedge funds in listed companies. We separate price and volume effects between three event dates: the transaction date when the investor reaches a notifiable threshold, the announcement date when potential insiders (the target firm and the regulator) get advance information, and the publication date when the information is officially released to the public. The separation makes it possible to analyze information and price pressure effects in some detail. The paper also documents the extent and nature of delays in hedge funds' notification behavior.