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Why do corporate portfolio managers typically make better decisions about how to allocate capital than would external investors in a firm? Divisions and business units
Why do corporate portfolio managers typically make better decisions about how to allocate capital than would external investors in a firm?
Divisions and business units manage their own cash flows.
They have access to information external investors do not have.
Investors prefer to take equity positions.
They are less likely than external investors to pursue restricting.
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