TY - JOUR
T1 - Modigliani and Miller Capital Structure Theory: Some Clarifying Comments
AU - Biger, Nahum
PY - 1991
Y1 - 1991
N2 - Thirty three years after the publication of the capital structure theory paper by Modigliani and Miller (M&M), some interpretations of the implications are still fuzzy and unclear. This note examines extreme values of the main parameters which the theory establishes, and offers corrections to some of the comments and conclusions which still appear in leading textbooks of Finance.
AB - Thirty three years after the publication of the capital structure theory paper by Modigliani and Miller (M&M), some interpretations of the implications are still fuzzy and unclear. This note examines extreme values of the main parameters which the theory establishes, and offers corrections to some of the comments and conclusions which still appear in leading textbooks of Finance.
U2 - 10.1080/03796205.1991.12129012
DO - 10.1080/03796205.1991.12129012
M3 - Article
SN - 0379-6205
VL - 15
SP - 81
EP - 91
JO - Journal for Studies in Economics and Econometrics
JF - Journal for Studies in Economics and Econometrics
IS - 3
ER -