Activism, Strategic Trading, and Liquidity
收藏NBER2016-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22893
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资源简介：
We analyze dynamic trading by an activist investor who can expend costly effort to affect firm value. We obtain the equilibrium in closed form for a general activism technology, including both binary and continuous outcomes. Variation in parameters can produce either positive or negative relations
提供机构：
美国国家经济研究局
创建时间：
2016-12-01
