Abstract
For more than a century and a half, financial analysts relied upon a story Adam Smith told that explained how corporations create value. In his explanation of how a pin manufacturer uses the specialization of labor to create a corporate synergy, he explained why the value of a corporation exceeds the value of the productive assets it has assembled to do so. The difference between these two sums is what we often call intangible assets.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2015 Colin Read
About this chapter
Cite this chapter
Read, C. (2015). Combined Contributions. In: The Corporate Financiers. Great Minds in Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137341280_36
Download citation
DOI: https://doi.org/10.1057/9781137341280_36
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-46505-7
Online ISBN: 978-1-137-34128-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)