Diversity on a company board is a good thing but it can attract activist hedge funds that might push for a restructuring or a change of strategy, reveals new research from Rotterdam School of Management, Erasmus University (RSM).
The researchers, Dr Mark R. DesJardine of Tuck School of Business, Prof. Wei Shi of the University of Miami, and Dr Emilio Marti, Assistant Professor at RSM, studied hed...
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