Explain how agency problems may lead to non-value-maximizing motives for mergers. Discuss the various academic theories offered

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Explain how agency problems may lead to non-value-maximizing motives for mergers. Discuss the various academic theories offered as the rationale for these agency problem–induced motives.

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Question Posted: Mar 26, 2015 07:06 AM

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Explain how agency problems may lead to non-value-maximizing motives for mergers. Discuss the various academic theories offered

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Sometimes managers gain from mergers rather than shareholders According to the managerialism ...View the full answer

Introduction to Corporate Finance What Companies Do

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