information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

, efficiency gains resulting from managerial effort are not merger specific, i.e., they may be realized by all firms before and … defense in merger control. -- Managerial Incentives ; Horizontal Mergers ; Antitrust ; Productive Efficiency Gains ; Synergies … after a merger. We show that synergies suppress managerial incentives within the non-merging firms, whereas the effect on …

actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …

acquisition and merger. This study also examines how CEO characteristics mediates firm reputation to maximize firm performance … using acquisition and merger as business strategy, management can set the standard requirement for firm reputation and …