One of the main results of “Robust Contract Designs: Linear Contracts and Moral Hazard” by Yu and Kong (2020) is Proposition 4, which states that the optimal robust contract with a piecewise linear concave agent utility only consists of progressive fixed payments and linear rewards with...

Gaining highly skilled human capital is one of the key motivations for mergers and acquisitions (M&A), particularly in knowledge-intensive sectors such as the technology industry. However, the inherent cultural differences and organizational misalignments during the integration process can lead...