Modigliani–Miller theorem with taxes
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:assumes |
perfect capital markets
corporate income is taxed no personal taxes |
| gptkbp:contrastsWith |
gptkb:Modigliani–Miller_theorem_without_taxes
|
| gptkbp:describes |
effect of corporate taxes on capital structure
|
| gptkbp:field |
corporate finance
|
| https://www.w3.org/2000/01/rdf-schema#label |
Modigliani–Miller theorem with taxes
|
| gptkbp:implies |
optimal capital structure is 100% debt
|
| gptkbp:influenced |
modern capital structure theory
|
| gptkbp:proposedBy |
gptkb:Merton_Miller
gptkb:Franco_Modigliani |
| gptkbp:publishedIn |
gptkb:American_Economic_Review
|
| gptkbp:relatedTo |
gptkb:Modigliani–Miller_theorem
|
| gptkbp:state |
firm value increases with leverage due to tax shield
|
| gptkbp:yearProposed |
1963
|
| gptkbp:bfsParent |
gptkb:Modigliani–Miller_theorem
|
| gptkbp:bfsLayer |
6
|