What is an agency problem and why is it a problem? What are the two theories that have been proposed to explain merger and acquisition activity? Which theory do you think applies in most cases and why? If you think neither theory really explains most merger and acquisition theory, explain why.

Answer rating: 100% (QA)

1the agency theory explores the distinctive relationship between a principal and their agent Throughout the relationship there is a number of actions and decisions that are made by the agent on behalf ... View the full answer