Don't Blame Your Company's Poor Performance on Its Industry

Harvard Business Review

Indeed, our study shows that the biggest variations in TSR are not between industries but within them. But the TSR variations of companies within these industries were far greater: 44 percentage points in tobacco and 69 percentage points in computers and peripherals.

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Activist Hedge Funds Aren’t Good for Companies or Investors, So Why Do They Exist?

Harvard Business Review

companies for an eight-year period (2005–2013). activist hedge fund investments Allaire studied, the mean compound annual TSR for the activists was 12.4% If they can get their target sold, the compound annual TSR jumps from a lackluster 12.4% akindo/Getty Images.

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