Due to Christmas and New Year Holiday season we may experience shipping delays. We apologise for the inconvenience and thank you for your understanding.


Geoff Meeks and J. Gay Meeks

Published On


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.


Geoff Meeks


J. Gay Meeks