# Professor Michael Jung's co-authored research on the impact of activist hedge fund investors on reported guidance

1 October 5, 2015 ![CIO logo](/sites/default/files/styles/246w/public/assets/images/con_031978.jpg?itok=KQg7U242)>

Excerpt from [CIO](http://www.ai-cio.com/channel/REGULATION,-LEGAL/Activist-Hedge-Funds--Transparency-Problem/) -- "'These results hold even for firms that met or exceeded analyst expectations for the quarter and have a history of consistently providing guidance in previous quarters,' the authors said. 'Since guidance has been shown to be beneficial to capital market participants in many ways, reduced guidance has meaningful market implications.'"

[Read more](http://www.ai-cio.com/channel/REGULATION,-LEGAL/Activist-Hedge-Funds--Transparency-Problem/)