The purpose of this paper is to study the role of individual agency in the process of institutional change. We conducted a historical study to explore the motivations and activities of two prominent individuals in business and politics before, during, and after the Finnish Civil War. Our most...

This paper focuses on the relationship between incentive asymmetries and some potentially undesirable outcomes along the mergers and acquisitions (M&A) process which could potentially destroy the shareholder value of the merged corporate entity. Incentive asymmetries are seen as belonging to the...