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Significance

A recent report indicates that there has been an increase in shareholder activism in the first third of 2015. For example, activists have become the largest shareholder in Rolls-Royce, nearly prevented a merger of two of Samsung's affiliates and pressed for changes in executive compensation.

Impacts

Increased investor activism is likely to lead to greater share buybacks or dividend payments.

However, many US stocks are likely already overvalued through repeated past buybacks.

This risks a politically damaging (for the Democratic presidential nominee) stock market correction in the next twelve months.

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