Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
finance principle |
| gptkbp:assumes |
no taxes
no transaction costs perfect capital markets |
| gptkbp:describes |
separation of investment and consumption decisions
|
| gptkbp:field |
microeconomics
corporate finance |
| gptkbp:formedBy |
gptkb:Irving_Fisher
|
| https://www.w3.org/2000/01/rdf-schema#label |
Fisher separation theorem
|
| gptkbp:implies |
firms should maximize present value
|
| gptkbp:relatedTo |
gptkb:Modigliani-Miller_theorem
gptkb:intertemporal_choice capital budgeting |
| gptkbp:state |
a firm's investment decision is independent of its owners' preferences
|
| gptkbp:yearProposed |
1930
|
| gptkbp:bfsParent |
gptkb:Irving_Fisher
|
| gptkbp:bfsLayer |
5
|