Management Suppresses Bad News When Challenged by Activists [STUDY]
There have been acquisitions during many activist hedge fund attacks on a corporate target that the "books were being cooked" and the real story was not being told. Now academics Inder Khurana from the University of Missouri, Yinghua Li at Arizona State and Wei Wang at Temple University provide statistical analysis to back up this claim. Their research studying 510 activist events from 2001 to 2013 leads them to conclude that corporate managers engage in very different disclosure and reporting tactics when they are
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