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Conglomerate Performance Measurement: Reply
The Journal of Finance, 1974The comments of Professors Weston and Mansinghka (W-M) are welcome and a brief reply should clarify the points discussed. In an attempt to support their initial comment, W-M make reference to a book review by Edward Nevin of the University College of Swansea.' This additional "evidence" is defective in two rather important ways.
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