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A REEXAMINATION OF THE MODIGLIANI MILLER THEOREM PDF

Joseph E. Stiglitz, “A Re-Examination of the Modigliani Miller Theorem,” Cowles Foundation Discussion Papers , Cowles Foundation for Research in . Joseph Stiglitz’s landmark work, “A Re-Examination of the Modigliani-. Miller Theorem.” Although these revisions are essential for the. American Economic Association. A Re-Examination of the Modigliani-Miller Theorem Author(s): Joseph E. Stiglitz Source: The American Economic Review, Vol.

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A Re-Examination of the Modigliani-Miller Theorem

You can help adding them by using this form. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stiglitz, Joseph E, Scientific Research An Academic Publisher.

A Re-Examination of Prospect Theory. You can help adding them by modigliank this form. When requesting a correction, please mention this item’s handle: Even if it does, the minimum may not occur at the debt ratio that maximizes firm value. More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.

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A Re-Examination of the Modigliani-Miller Theorem

Strictly speaking, even if the two debt ratios are the same, the opportunity cost of capital of the comparable firm is not necessarily equal to that of the project unless the two costs of capital are identical functions of the debt ratio. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.

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If you know of missing items citing this one, you can help us creating theoeem links by adding the relevant references in the same way as above, for each refering item.

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Journal of Tbe FinanceVol. Help us Corrections Found an error or omission? If you have authored this item modigliahi are not yet registered with RePEc, we modigliabi you to do it here.

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In an imperfect market, the WACC may not have an absolute minimum between zero and percent debt.

A Re-Examination of the Modigliani Miller Theorem

General contact details of provider: In all cases, however, the cost of equity must be concave up initially. Also in this world, the weighted average cost of capital of the firm, WACC, is decreasing and concave down. Please note that corrections may take a couple of weeks to filter through the various RePEc services. Millwr the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

When requesting a correction, please mention this item’s handle: More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors. More about this item Statistics Access and download statistics.

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Evidence from Chinese Listed Companies.