Modigliani–Miller theorem

GPTKB entity

Statements (24)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs MM theorem
gptkbp:assumes no taxes
efficient markets
no agency costs
no asymmetric information
no bankruptcy costs
gptkbp:citation academic finance literature
gptkbp:field corporate finance
gptkbp:fileExtension gptkb:Modigliani–Miller_theorem_with_taxes
gptkbp:hasConcept capital structure irrelevance principle
https://www.w3.org/2000/01/rdf-schema#label Modigliani–Miller theorem
gptkbp:influenced modern corporate finance theory
gptkbp:proposedBy gptkb:Merton_Miller
gptkb:Franco_Modigliani
gptkbp:publishedIn gptkb:American_Economic_Review
gptkbp:relatedTo capital structure
dividend policy
cost of capital
gptkbp:state under certain conditions, the value of a firm is unaffected by how it is financed
gptkbp:yearProposed 1958
gptkbp:bfsParent gptkb:Merton_Miller
gptkb:Franco_Modigliani
gptkbp:bfsLayer 5