The Cost Of Capital Corporation Finance And The Theory Of Investment De Merton Miller
DOWNLOAD
Download The Cost Of Capital Corporation Finance And The Theory Of Investment De Merton Miller PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Cost Of Capital Corporation Finance And The Theory Of Investment De Merton Miller book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Cost Of Capital Corporation Finance And The Theory Of Investment De Merton Miller
DOWNLOAD
Author : Encyclopaedia Universalis,
language : fr
Publisher: Encyclopaedia Universalis
Release Date : 2015-11-10
The Cost Of Capital Corporation Finance And The Theory Of Investment De Merton Miller written by Encyclopaedia Universalis, and has been published by Encyclopaedia Universalis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-10 with Business & Economics categories.
Bienvenue dans la collection Les Fiches de lecture d’Universalis Franco Modigliani (1918-2003) et Merton Miller (1923-2000) ont jeté les bases de la finance d’entreprise moderne avec la publication, en juin 1958, de leur article The Cost of Capital, Corporation Finance and the Theory of Investment (Coût du capital, finance d’entreprise et théorie de l’investissement) dans l’American Economic Review. Une fiche de lecture spécialement conçue pour le numérique, pour tout savoir sur The Cost of Capital, Corporation Finance and the Theory of Investment de Merton Miller Chaque fiche de lecture présente une œuvre clé de la littérature ou de la pensée. Cette présentation est couplée avec un article de synthèse sur l’auteur de l’œuvre. A propos de l’Encyclopaedia Universalis : Reconnue mondialement pour la qualité et la fiabilité incomparable de ses publications, Encyclopaedia Universalis met la connaissance à la portée de tous. Écrite par plus de 7 400 auteurs spécialistes et riche de près de 30 000 médias (vidéos, photos, cartes, dessins...), l’Encyclopaedia Universalis est la plus fiable collection de référence disponible en français. Elle aborde tous les domaines du savoir.
The Cost Of Capital Corporation Finance And The Theory Of Investment
DOWNLOAD
Author : Franco Modigliani
language : en
Publisher:
Release Date : 1958
The Cost Of Capital Corporation Finance And The Theory Of Investment written by Franco Modigliani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1958 with categories.
Selected Works Of Merton H Miller
DOWNLOAD
Author : Merton H. Miller
language : en
Publisher: University of Chicago Press
Release Date : 2002-06
Selected Works Of Merton H Miller written by Merton H. Miller and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-06 with Business & Economics categories.
Widely regarded as one of the founders of modern corporate finance, Merton H. Miller was awarded a Nobel Prize in 1990 for his work in the theory of finance and financial economics. Selected Works of Merton H. Miller gathers together in two volumes a selection of Miller's most influential contributions over more than fifty years of active research. A common theme running throughout both volumes is Miller's conviction about the utility of market-based approaches to topics as diverse as dividend policy, bank regulation, the structure of securities markets, and competition between research universities and teaching colleges. Miller was perhaps best known for a series of highly influential papers he cowrote in the 1950s and 1960s with fellow Nobel laureate Franco Modigliani that advanced a set of capital structure theorems later dubbed the "M and M propositions." In brief, the M and M propositions state that the actions of investors, firms, and capital markets will cause the market value of a firm to be independent of its capital structure. In other words, a corporation's value depends on its investments in people, ideas, and physical capital goods and not on the mix of bonds, stocks, and other securities used to finance the investments. Four of these papers are reprinted here, together with important later work by Miller in macroeconomics, corporate capital structure, management science, asset pricing, and the economic and regulatory problems of the financial services industry. Diverse and innovative, the papers in Selected Works of Merton H. Miller will interest students and practitioners of economics, finance, and business, as well as policymakers responsible for market regulation.
Generalized Modigliani Miller Theory
DOWNLOAD
Author : Peter Brusov
language : en
Publisher: Springer
Release Date : 2023-03-30
Generalized Modigliani Miller Theory written by Peter Brusov and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-30 with Business & Economics categories.
The original theory of capital cost and capital structure put forward by Nobel Prize Winners Modigliani and Miller has since been modified by many authors, and this book discusses some of them. The book’s authors have created general theory of capital cost and capital structure – the Brusov–Filatova–Orekhova (BFO) theory, which generalizes the Modigliani–Miller theory to encompass companies of an arbitrary age (and arbitrary lifetime). Despite the availability of this more general theory, the classical Modigliani–Miller theory is still widely used in practice. In this book, the authors for the first time generalize it for cases of practical relevance: for the case of variable profit; for the case of advance tax-on-profit payments and interest on debt payments; for the case of several tax-on-profit and interest on debt payments per period; and for the combination of all three effects. These generalizations lead to valuable theoretical results as well as significantly widen of practical application this theory in practice and increase of the quality of finance management of the company. As well, the book investigates the applications of said results in corporate finance, investments, taxation and ratings, where employing a generalized Modigliani–Miller theory can be very fruitful.
The Cost Of Capital Corporation Finance And The Theory Of Investment Comment
DOWNLOAD
Author : David Durand
language : en
Publisher:
Release Date : 1959
The Cost Of Capital Corporation Finance And The Theory Of Investment Comment written by David Durand and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with categories.
A Critical Review Of Modigliani And Miller S Theorem Of Capital Structure
DOWNLOAD
Author : Faruk Ahmeti
language : en
Publisher:
Release Date : 2015
A Critical Review Of Modigliani And Miller S Theorem Of Capital Structure written by Faruk Ahmeti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
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 possibly be the most important theory for the structure of capital, through which they explain the effect of the capital structure for the value of companies. Despite the hard work by Modigliani and Miller and the entire time spent by numerous scholars in developing concepts regarding this theory, we can say that it still remains unclear and faces many objections. This paper attempts to assess and make a critical review of Modigliani and Miller's Theory and the dominating literature that is pro and against this theory, aiming to identify the theory's importance and contribute to the field modern finances. To this end, the paper assessed and analyses Modigliani and Miller's theorem by considering the original work of authors Modigliani and Miller (1958, 1961 and 1963) as well as the dominating literature that covers this theorem, by mirroring the firmest opinions from different authors either pro or against. This paper aims to present the implications of Modigliani and Miller's Theory, its importance and theoretical contribution.
Short Introduction To Corporate Finance
DOWNLOAD
Author : Raghavendra Rau
language : en
Publisher: Cambridge University Press
Release Date : 2017-01-11
Short Introduction To Corporate Finance written by Raghavendra Rau and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-11 with Business & Economics categories.
The Short Introduction to Corporate Finance provides an accessibly written guide to contemporary financial institutional practice. Rau deploys both his professional expertise and experience of teaching MBA and graduate-level courses to produce a lively discussion of the key concepts of finance, liberally illustrated with real-world examples. Built around six essential paradigms, he builds an integrated framework covering all the major ideas in finance over the past half-century. Ideal for students and practitioners alike, it will become core reading for anyone aspiring to become an effective manager.
The Development Of Economic Thought On The Modigiliani Miller Theory Of The Cost Of Capital Corporation Finance And The Theory Of Investment
DOWNLOAD
Author : Richard W. Walker
language : en
Publisher:
Release Date : 1982
The Development Of Economic Thought On The Modigiliani Miller Theory Of The Cost Of Capital Corporation Finance And The Theory Of Investment written by Richard W. Walker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Capital investments categories.
Generalized Modigliani Miller Theory
DOWNLOAD
Author : Peter Brusov
language : en
Publisher:
Release Date : 2022
Generalized Modigliani Miller Theory written by Peter Brusov and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
The original theory of capital cost and capital structure put forward by Nobel Prize Winners Modigliani and Miller has since been modified by many authors, and this book discusses some of them. The book's authors have created general theory of capital cost and capital structure - the Brusov-Filatova-Orekhova (BFO) theory, which generalizes the Modigliani-Miller theory to encompass companies of an arbitrary age (and arbitrary lifetime). Despite the availability of this more general theory, the classical Modigliani-Miller theory is still widely used in practice. In this book, the authors for the first time generalize it for cases of practical relevance: for the case of variable profit; for the case of advance tax-on-profit payments and interest on debt payments; for the case of several tax-on-profit and interest on debt payments per period; and for the combination of all three effects. These generalizations lead to valuable theoretical results as well as significantly widen of practical application this theory in practice and increase of the quality of finance management of the company. As well, the book investigates the applications of said results in corporate finance, investments, taxation and ratings, where employing a generalized Modigliani-Miller theory can be very fruitful.
Corporate Finance And The Theory Of The Firm
DOWNLOAD
Author : Stefan Detscher
language : en
Publisher: GRIN Verlag
Release Date : 2007-11
Corporate Finance And The Theory Of The Firm written by Stefan Detscher and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11 with Business & Economics categories.
Research Paper (undergraduate) from the year 2003 in the subject Business economics - Investment and Finance, grade: 2,0 (B), European Business School - International University Schlo Reichartshausen Oestrich-Winkel (Corporate Finance and Capital Markets), language: English, abstract: This book examines the links between corporate finance and the theory of the firm. As a basis for this analysis, theoretical foundations in corporate finance and the theory of the firm are provided. Furthermore, current research on the theory of the firm and corporate finance for the recently emerged type of firm of the human-capital intensive firm is presented. The most significant part of the analysis is the evaluation of the interrelation between corporate finance and the theory of the firm using a 3x3 matrix. This matrix compares three important theoretical frameworks of the firm (the firm as a nexus of contracts, as a collection of growth options and as a collection of assets) with three major fields of corporate finance (capital structure, corporate governance and valuation). This assessment is done for the traditional asset-intensive industrial firm, one of two basic types of firms in today's economy. For giving an additional insight into current research, the recently emerged human-capital intensive firm is shortly described in comparison to the traditional asset-intensive firm, and implications for corporate finance for this new type of firm are explained. As a conclusion, three major results can be stated: firstly, the theory of the firm definitely influences corporate finance for all described views of the firm, and it is thus an important basis for corporate finance. This fact makes it necessary to consider the underlying issue of the theory of the firm for each problem in corporate finance. Secondly, different views of the theory of the firm have different implications for corporate finance. For example, the appropriate valuation method depends on the considered view of t