Voluntary financial disclosures can prove powerful for activist investors
Activist investors always face the challenge of convincing other shareholders that their agenda will actually increase the value of the targeted firm. To combat the issue, they often release public disclosures in hopes of persuading others.
Eccles School Assistant Professor of Accounting Jordan Schoenfeld recently analyzed these disclosures — and their consequences. Check out his findings in The CLS Blue Sky Blog, the Columbia Law School’s blog on corporations and capital markets.
