haku: @author Kish, R. / yhteensä: 4
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| Tekijä: | Ryen, G. Vasconcellos, G. Kish, R. |
| Otsikko: | Capital structure decisions: what have we learned? |
| Lehti: | Business Horizons
1997 : SEP-OCT, VOL. 40:5, p. 41-50 |
| Asiasana: | CAPITAL COMPANIES COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | The determination of an optimal capital structure has been one of the most contentious topics in the finance literature since Modigliani and Miller introduced their capital structure irrelevancy propositions in the American Economic Review in 1958. Their proposition I stated that in equilibrium and given perfect capital markets without taxes the value of a firm was independent of its choice of capital structure. Their elegant arbitrage argument revolved around two companies identical in every aspect except for financing mix and market value. |
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