Modigliani–Miller theorem - Wikipedia
The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) is an influential element of economic theory; it forms the basis for modern thinking on capital structure. [1] The basic theorem states that in the absence of taxes , bankruptcy costs, agency costs , and asymmetric information , and in an efficient market , the enterprise ...
MM定理(Modigliani-Miller)证明与图解 - 知乎 - 知乎专栏
Franco Modigliani(1918), CMU, MIT(凯恩斯学派), 1985 Nobel Prize(GE, 生命周期理论). Merton Miller(1923-2000), CMU, Chicago(芝加哥/自由主义学派), 1990 Nonbel Prize(M&M), 资本结构之父，现代公司金融之父。
MM理论 - 百度百科
MM理论是莫迪格利安尼（Modigliani）和米勒（Miller）所建立的 资本结构 模型的简称。 美国经济学家莫迪格利安尼和米勒于1958年发表的《资本成本、公司财务和投资管理》一书中，提出了最初的MM理论，这时的MM理论不考虑 所得税 的影响， 得出的结论为企业的总 ...
MM模型 - MBA智库百科
2018年1月25日 · 美国经济学家莫迪格利安尼(Franco Modigliani)和米勒(Mertor Miller)于1958年发表的《资本成本、公司财务与投资理论》一文中，提出了最初的MM理论，开创了现代资本结构理论研究的先河。
M&M Theorem - Overview, Assumptions, Propositions
The M&M Theorem, or the Modigliani-Miller Theorem, is one of the most important theorems in corporate finance. The theorem was developed by economists Franco Modigliani and Merton Miller in 1958. The main idea of the M&M theory is that the capital structure of a company does not affect its overall value.
By FRANCO MODIGLIAN1 AND MERTON H. MILLER* What is the "cost of capital" to a firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instru-
To the Capital Structure Choice: Miller and Modigliani Model
2015年1月1日 · This group includes the MM model of Franco Modigliani and Merton Miller, the traditional approach represented by the work of H. DeAngelo, L. Dodd, D. Durand, R.W. Masulis, B. Graham and other classics of the capital structure.
What Is the Modigliani-Miller Theorem? - Investopedia
2024年9月25日 · Developed in the 1950s, the Modigliani-Miller theorem (M&M) states that the market value of a company is calculated as the present value of its future earnings and underlying assets, and is...
(PDF) A CRITICAL REVIEW OF MODIGLIANI AND MILLER'S
In their study " The cost of capital, corporation finance and the theory of investment " (1958) laureates of Nobel Price Nobel Franco Modigliani and Merton Miller represent what could...
Merton Miller: Early Life and Education, Theorem, Accomplishments
2022年4月13日 · Merton Miller developed the Modigliani-Miller theorem with fellow economist Franco Modigliani. He was awarded the Nobel Prize in economics in 1990.