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Shareholder Wealth Effects of CalPERS' Activism


  • Crutchley, Claire E.
  • Hudson, Carl D.
  • Jensen, Marlin R. H.


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  • Crutchley, Claire E. & Hudson, Carl D. & Jensen, Marlin R. H., 1998. "Shareholder Wealth Effects of CalPERS' Activism," Financial Services Review, Elsevier, vol. 7(1), pages 1-10.
  • Handle: RePEc:eee:finser:v:7:y:1998:i:1:p:1-10

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    References listed on IDEAS

    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    2. Tim C. Opler & Jonathan Sokobin, "undated". "Does Coordinated Institutional Activism Work? An Analysis of the Activities of the Council of Institutional Investors," Research in Financial Economics 9505, Ohio State University.
    3. Stephen L. Nesbitt, 1994. "LONG-TERM REWARDS FROM SHAREHOLDER ACTIVISM: A STUDY OF THE "CalPERS EFFECT"," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(4), pages 75-80.
    4. Aigbe Akhigbe & Jeff Madura & Alan Tucker, 1997. "Long-term valuation effects of shareholder activism," Applied Financial Economics, Taylor & Francis Journals, vol. 7(5), pages 567-573.
    5. Smith, Michael P, 1996. " Shareholder Activism by Institutional Investors: Evidence for CalPERS," Journal of Finance, American Finance Association, vol. 51(1), pages 227-252, March.
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    Cited by:

    1. English, Philip II & Smythe, Thomas I. & McNeil, Chris R., 2004. "The "CalPERS effect" revisited," Journal of Corporate Finance, Elsevier, vol. 10(1), pages 157-174, January.
    2. Kim, Woochan & Kim, Woojin & Kwon, Kap-Sok, 2009. "Value of outside blockholder activism: Evidence from the switchers," Journal of Corporate Finance, Elsevier, vol. 15(4), pages 505-522, September.
    3. repec:eee:corfin:v:44:y:2017:i:c:p:405-424 is not listed on IDEAS
    4. repec:eme:mfipps:v:36:y:2010:i:3:p:456-484 is not listed on IDEAS

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