analysis demonstrated that capacity development and international partnership are indispensable to promote a blue economy and …

order to reduce her agency costs. Whenever this incentive effect dominates the well-known direct synergy effect, synergies … leads to a countervailing incentive effect: The merged firm's principal may be induced to stifle managerial incentives in …

categorizes M&A motives into synergy and agency categories using two alternate ways, which first using the stock market reaction …. This study finds that synergy-motivated M&A results in significantly higher long-term performance post-M&A than agency …