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The social web's economics are paradoxical: The more it blossoms, the more it destroys value.
If it destroys value, someone else will be picking up the tab.
In many ways, it destroys value, because it injects massive administrative costs and complexity into the system.
If the fund destroys value, then presumably the potential buyers for the hedge funds' shares will realize this.
If a company destroys value, fails to honour contracts and deceives clients, that is a betrayal of the principles on which the market rests, and we should all support severe consequences for such behaviour.
There is little upside in simply trying to change the target's capital structure.The authors conclude that there is "no empirical evidence for the assertion that hedge fund activism destroys value or is short term in focus".
Similar(48)
It opposes abortion on the grounds that it destroys valued life (Dzuhayatin 2006).
Value is being created by destroying value.
Most acquisitions destroy value for shareholders over the longer term.
Irresponsible agents with lopsided incentives can destroy value with anything.
The conventional wisdom had changed: conglomerates were now destroying value.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com