Boardroom Brawls and Stock Surges: The Comedy of Shareholder Activism
This thesis examines the impact of shareholder activism on the annual stock returns of targeted companies. Utilizing a dataset of activist campaigns from the FactSet SharkWatch 50 database, covering the period from 2005 to 2021, we investigate whether the presence of activist investors leads to enhanced stock performance. Our empirical analysis, employing an event study design, reveals a significa
