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Why is it important?
Non-financial firms routinely make operating and financial decisions, but little is known about coordinating these decisions or, indeed, under what circumstances they can safely be decentralized. This paper shows that these important issues are amenable to analysis.
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This page is a summary of: Control of Dividends, Capital Subscriptions, and Physical Inventories, Management Science, May 2013, INFORMS,
DOI: 10.1287/mnsc.1120.1629.
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