NO.PZ2019012201000026
问题如下:
A fund invests in firms that have strong business models and good governance. And if the fund is an activist investing strategy, which of the following is least like to boost the shareholder value?
选项:
A.Engaging with management by writing letters to management, calling for and explaining suggested changes, and participating in management discussions with analysts or meeting the management team privately.
B.Decreasing management compensation or keeping management compensation with share price performance.
C.
Launching legal proceedings against existing management for breach of fiduciary duties.
解释:
C is correct.
考点:Activist Strategies and Other Strategies
解析: 首先这个fund投资的都是经营比较好而且有比较好的公司治理结构的标的。对于Activist Strategies,主要的目的是在现有基础上,作为公司的长期投资者,提升公司的经营和股东价值。 所以不太可能采用激进的方式投资在C选项描述的公司治理有问题的公司上。
请单独详细解释A选项会带来的影响,我的理解A选项的Fund的种种操作是在干预一个已经运行不错的公司的治理,有点像股东来捣乱的,所以A选项带来的影响我无法判定是正面的还是负面的