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Why are the parts worth more than the sum? \\"Chop shop,\\" a corporate valuation model

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  • Dean LeBaron
  • Lawrence S. Speidell

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  • Dean LeBaron & Lawrence S. Speidell, 1987. "Why are the parts worth more than the sum? \\"Chop shop,\\" a corporate valuation model," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 31, pages 78-101.
    • Handle: RePEc:fip:fedbcp:y:1987:p:78-101:n:31
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    File URL: http://www.bostonfed.org/economic/conf/conf31/conf31d.pdf
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    References listed on IDEAS

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    1. Brauer, Greggory A., 1984. "`Open-ending' closed-end funds," Journal of Financial Economics, Elsevier, vol. 13(4), pages 491-507, December.
    2. Brickley, James A. & Schallheim, James S., 1985. "Lifting the Lid on Closed-End Investment Companies: A Case of Abnormal Returns," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 20(1), pages 107-117, March.
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    Cited by:

    1. Chen, Naiwei & Liang, Hsin-Yu & Yu, Min-Teh, 2018. "Asset diversification and bank performance: Evidence from three Asian countries with a dual banking system," Pacific-Basin Finance Journal, Elsevier, vol. 52(C), pages 40-53.
    2. Bressan, Silvia & Weissensteiner, Alex, 2021. "The financial conglomerate discount: Insights from stock return skewness," International Review of Financial Analysis, Elsevier, vol. 74(C).
    3. Joel Rabinovich, 2017. "The financialisation of the nonfinancial corporation. A critique to the financial rentieralization hypothesis," CEPN Working Papers 2017-22, Centre d'Economie de l'Université de Paris Nord.
    4. Joel Rabinovich, 2018. "The financialisation of the nonfinancial corporation. A critique to the financial rentieralization hypothesis," CEPN Working Papers hal-01691435, HAL.
    5. Curi, Claudia & Murgia, Maurizio, 2018. "Divestitures and the financial conglomerate excess value," Journal of Financial Stability, Elsevier, vol. 36(C), pages 187-207.
    6. Mitchell Berlin, 1999. "Jack of all trades? Product diversification in nonfinancial firms," Business Review, Federal Reserve Bank of Philadelphia, issue May, pages 15-29.

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    Keywords

    Corporations; Stock market;

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