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Copyright

Geoff Meeks and J. Gay Meeks

Published On

2022-06-23

Page Range

pp. 103–114

12. Remedies?

  • Geoff Meeks (author)
  • J. Gay Meeks (author)
The chapter outlines steps which might be taken to mitigate, though not wholly eliminate, the three problems we have identified in the merger market: misaligned incentives, distorted financial engineering, and asymmetric information. It identifies which authorities or individuals could initiate the changes, ranging from government, central banks, and accounting standard-setters to non-executive directors. And it suggests the means by which change could be achieved – from tax reform, to tighter regulation, to contract redesign. Efficiency gains would not be guaranteed and equity issues could remain. But we do contend that the measures would represent a significant advance of the status quo.

Contributors

Geoff Meeks

(author)

J. Gay Meeks

(author)