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  • Thumbnail for Topics in finance. Part VIII : mergers  and acquisitions
    Topics in finance. Part VIII : mergers and acquisitions by Laux, Judy

    In this series, three key axioms—stockholder wealth maximization, the risk-return tradeoff, and agency conflicts—are applied to the major topics in financial management. The current article looks at mergers and acquisitions, reviewing the presumed motivations, the ethical challenges, and the literature dedicated to this financial activity.