... duality as its test variable. In addition, the study uses control variables based on the findings of prior studies such as firm size and performance © Emerald Group Publishing Limited 2008 Acquisitions and mergers Chief executives Corporate governance Compensation Incentives...

... Incentives (psychology) The study of executive compensation and its interaction with merger behavior is necessarily complicated because both mergers and compensation are complex topics separately. The two areas are linked, however, by the chance that some acquisitions may represent agency costs...