id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1762	Sharfman, Bernard	Activist Hedge Funds in a World of Board Independence: Creators or Destroyers of Long-Term Value	2016	48	.pdf	application/pdf	16202	657	47	Finally, it gives an explanation for why activist hedge funds do not provide recommendations that involve long-term investment. If so, then the actions of activist hedge funds allegedly compel public companies to enter into detrimental short- term strategies in order to be removed from the activists’ target list.4 This is something akin to greenmail where the corporation must deplete its resources to make the hostile bidder go away.5	cache/cblr-1762.pdf	txt/cblr-1762.txt