A PORTFOLIO ANALYSIS OF CONGLOMERATE DIVERSIFICATION

Authors

  • Keith V. Smith,

  • John C. Schreiner

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    • The authors are Assistant Professor of Finance and Doctoral Student, respectively, University of California, Los Angeles. Research support was provided by the Bureau of Business and Economic Research, University of California, Los Angeles. The authors are indebted to E. F. Brigham, M. B. Goudzwaard, and D. M. Kaplan for helpful comments.

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