Three Essays on Hedge Fund Activism

This dissertation contains three essays on hedge fund activism, and its impact on debt maturity structure, investment efficiency and the trade credit policies of target firms. The main objective of the dissertation is to provide a comprehensive understanding of the effects of hedge fund activism. The first study examines the impact of hedge fund activism on the debt maturity profile of target firms. The second study discusses the activism-induced efficiency of total investment expenditures in target firms. The third and final study investigates the impact of hedge fund activism on the trade credit policies of target firms.