“Comply Or Explain — A Flexible Mechanism to Countervail Behavioral Biases in M&A Transactions

BY GERRIT M. BECKHAUS — Mergers and acquisitions (M&A) are a common phenomenon of great importance in today’s business world. However, the majority of them fail to achieve the aspired objectives. These failures can be attributed to various circumstances, inter alia decision-makers’ vulnerability to behavioral biases due to the complexity, uncertainty, and time pressure characteristic of M&A transactions. Read More