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The Modigliani and Miller Propositions: The History of a Failed Foundation for Corporate Finance?

The Modigliani and Miller (MM) propositions provide a foundation for corporate finance theory. Nevertheless, this paper argues that their adoption has led to a disengagement of such theory from the humanity of business, as well as, more broadly, from concepts of corporate strategic management. As a...

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Publicado en:Abacus Vol. 50; no. 3; pp. 279 - 296
Autor principal: Dempsey, Mike
Formato: Artículo
Publicado: Wiley-Blackwell Sep2014
Materias:
Capital structure
Corporate finance
Strategic planning
Dividends
Investments
Acceso en línea:Ver este registro en EBSCOhost