Research, such as the work of Clifford, has established that when activists establish share position in target shareholder wealth declines.

Name: Research, such as the work of Clifford, has established that when activists establish share position in target shareholder wealth declines.
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Research, including that by Clifford, often finds that activist shareholders can actually increase shareholder wealth by pushing for changes that improve company performance and governance.

Research, Such as the Work of Clifford, Has Established That