Frank Partnoy

TL;DR: In this article, the authors used a large hand-collected dataset from 2001 to 2006 to find that hedge funds in the U.S. propose strategic, operational, and financial remedies and attain success or partial success in two thirds of the cases.

TL;DR: Brav et al. as discussed by the authors used a large hand-collected data set from 2001 to 2006, and found that activist hedge funds in the United States propose strategic, operational and financial remedies and attain success or partial success in two-thirds of the cases.

TL;DR: The authors revisited some issues I raised in a 1999 article on credit rating agencies, which increasingly are the focus of scholars and regulators and assess several recent policy proposals by considering the extent to which they take into account these differences The credit rating industry has changed radically since 1999 Credit rating agencies are now more profitable than other gatekeepers, face different and potentially more serious conflicts of interest, and are uniquely active in structured finance, particularly collateralized debt obligations, now a multi-trillion dollar market.

TL;DR: In this article, the role of credit ratings and credit rating agencies in providing information about bonds is criticised, and a regulatory license view of rating agencies as generating value, not by providing valuable information, but by enabling issuers and investors to satisfy certain regulatory requirements.

TL;DR: Enron was an energy trading company and its business model was hailed as revolutionary as discussed by the authors. Analysts were unanimous in recommending investors to buy Enron shares and the share price soared to 1,990 dollars in April 2001. Eight months later it all fell apart.