Purpose: The purpose of this paper is to investigate whether ex ante board connections and director retention result in agency costs to target company shareholders in the form of reduced payment in mergers and acquisitions transaction. Design/methodology/approach: The authors employ detailed...

Cover -- Half Title -- Title -- Copyright -- Outline contents -- Contents -- Preface to the Second Edition -- Table of Legislation -- Part A Introduction -- 1 Sources of EU financial law -- 1.1 Introduction -- 1.2 EU statutes and their hierarchy -- 1.2.1 The Treaties -- 1.2.2 Regulations and...