NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Real Effects of Hedge Fund Activism: Productivity, Risk, and Product Market Competition

Alon Brav, Wei Jiang, Hyunseob Kim

NBER Working Paper No. 17517
Issued in October 2011

---- Acknowledgements -----

Kim gratefully acknowledges financial support from the Kwanjeong Educational Foundation. The authors thank Bert Grider at the Triangle Census Research Data Center for help with data and clearance requests. Any opinions and conclusions expressed herein are those of the author(s) and do not necessarily represent the views of the U.S. Census Bureau. All results have been reviewed to ensure that no confidential information is disclosed. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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