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Masao Nakagawa
''Synergies and Investment Decisions''
( 2007, Vol. 7 No.5 )
I examine optimal investment policies when there are synergies between two investment projects, in that joint operation reduces operating costs. These synergies interactions between two investments projects, therefore two investments decisions can't be determined separately. These interactions suggest that decisions of conglomerate firms may be rational.
JEL: G3 - Corporate Finance and Governance: General
G3 - Corporate Finance and Governance: General
Manuscript Received : Jan 28 2007 Manuscript Accepted : Mar 28 2007

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