Essays Tagged: "modigliani and miller"

Capital Structure

STRUCTUREABSTRACTOver the years, numerous theories and studies on Capital structure have appeared. Modigliani and Miller laid down the foundation by being the first to theorize the issue. In 1958 the ... lain why daily observations of reality proved the opposite.In their response that followed in 1963, Modigliani and Miller relaxed one of their initial assumptions, the absence of corporate taxes.The p ...

(61 pages) 786 1 4.6 May/2005

Subjects: Businesss Research Papers

Financial Theories

ucture, researchers are still puzzled by their inability to provide a simple and concise answer.The Modigliani and Miller Theorem:Franco Modigliani and Merton Miller were two individuals who sparked i ... act on observed facts such as corporate leverage ratios and market reactions to security issues.The Modigliani-Miller theorem is stated in a perfect market. The only market imperfections they admit ar ...

(9 pages) 386 0 4.3 Oct/2007

Subjects: Businesss Research Papers > Accounting

Captital Structure

IntroductionSince Modigliani and Miller (1958) discussed that the capital structure is irrelevant for firms in the per ... firm; however, empirical results show that the explanatory power is not noteworthy ( Mayer, 1990). Modigliani and Miller (1958) indicate that capital structure is independent of the total value of th ... n. Ed.: Corporate Capital Structure in the United States (The University of Chicago Press, Chicago).Modigliani Franco and Merton H. Miller, 1958, the Cost of Capital, Corporation Finance, and the Theo ...

(14 pages) 80 0 0.0 Mar/2010

Subjects: Businesss Research Papers

Under MM theorem, is the role of bank will extinct?

variation of financial instrument and the elimination of government intervention. According to the Modigliani and Miller theory (MM theorem), in the assumption where market is perfect, the financial ...

(9 pages) 0 0 0.0 Aug/2012

Subjects: Businesss Research Papers