NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Activism, Strategic Trading, and Liquidity

Kerry Back, Pierre Collin-Dufresne, Vyacheslav Fos, Tao Li, Alexander Ljungqvist

NBER Working Paper No. 22893
Issued in December 2016, Revised in October 2017

---- Acknowledgements ----

This paper consolidates and substantially extends the theory parts of two prior working papers: Back, Li and Ljungqvist (2015) and Collin-Dufresne and Fos (2015b). We are grateful to Jean-Noel Barrot, Alon Brav, Bradyn Breon-Drish, Carole Comerton-Forde, Quinn Curtis, David De Angelis, Alex Edmans, Vivian Fang, Dirk Hackbarth, Stacey Jacobsen, Wei Jiang, Barbara Katz, Doron Levit, Andrey Malenko, Nadya Malenko, Ernst Maug, and Konstantinos Zachariadis for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

return to bibliography page

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us