Ego issue/Managerialism/Agency issues are ,no doubt, responsible for various strategic decisions in a company.I want to initiate a fruitful discussion on the relevance of Hubris Hypothesis on decisions regarding M&As(Mergers and Acquisitions).Another aspect of initiating this discussion is to find out the difference between intensity of impact of factors which are prevailing in Developed nations and Developing nations, in respect of M&As.