What are managers who pursue merger and acquisition activities for personal goals or interests at the expense of maximizing shareholder wealth demonstrating?

Question

Quizplus · Accepted Answer

Managers who pursue merger and acquisition activities for personal goals or interests at the expense of maximizing shareholder wealth are demonstrating the agency problem, in which the interests of the managers do not align with the interests of the shareholders they are supposed to serve.

What Are Managers Who Pursue Merger and Acquisition Activities for Personal