A REEXAMINATION OF THE MODIGLIANI MILLER THEOREM PDF

Joseph E. Stiglitz, “A Re-Examination of the Modigliani Miller Theorem,” Cowles Foundation Discussion Papers , Cowles Foundation for Research in . Joseph Stiglitz’s landmark work, “A Re-Examination of the Modigliani-. Miller Theorem.” Although these revisions are essential for the. American Economic Association. A Re-Examination of the Modigliani-Miller Theorem Author(s): Joseph E. Stiglitz Source: The American Economic Review, Vol.

Author: Faern Faujora
Country: Norway
Language: English (Spanish)
Genre: Art
Published (Last): 3 October 2004
Pages: 283
PDF File Size: 20.72 Mb
ePub File Size: 12.42 Mb
ISBN: 750-2-29149-475-1
Downloads: 50999
Price: Free* [*Free Regsitration Required]
Uploader: Nikoramar

Therefore, this method may not be valid. Other versions of this item: RePEc uses bibliographic data supplied by the respective publishers. More about this item Statistics Access and download statistics. General contact details of provider: You can help correct errors and omissions. In a perfect market with corporate taxes, given that the cost of debt is increasing and concave up and that the firm rebalances its debt, the cost of equity is an increasing and concave up function of the debt ratio if and only if the third derivative of the cost of debt is non-negative; otherwise, the cost of equity is increasing but its exact shape cannot be ascertained.

Download full text from publisher File URL: More about this item Statistics Access and download statistics.

A Re-Examination of the Modigliani Miller Theorem

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: When requesting a correction, please mention this item’s handle: Please note that corrections may take a couple of weeks to filter through the various RePEc services. You can help correct errors and omissions.

  COURS STRATIGRAPHIE SEQUENTIELLE PDF

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in reexaminatjon same way as above, for each refering item. Also in this world, the weighted average cost of capital of the firm, WACC, is decreasing and concave down.

Help us Corrections Found an error or omission?

A Re-Examination of the Modigliani-Miller Theorem

You can help adding them by using this form. Evidence from Chinese Listed Companies. As the access to this document is restricted, you may want to look for miiller different version below or search for a different version of it. A Re-Examination of Prospect Theory.

A Re-Examination of the Modigliani Miller Theorem

Re-Examination and Oc Consequences. Journal of Mathematical FinanceVol. Download full text from publisher File URL: Please note that corrections may take a couple of weeks to filter through the various RePEc services. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors. Strictly speaking, even if the two debt ratios are the same, the opportunity cost of capital of the comparable firm is not necessarily equal to that of the project unless the two costs of capital are identical functions of the debt ratio.

  DECRETO 7133 DE 2010 PDF

Stiglitz, Joseph E, It also allows you to accept potential citations to this item that we are uncertain about. See general information about how to correct material in RePEc. We have no references for this item. If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. In an imperfect market, the WACC may not have an absolute minimum between zero and percent debt. Scientific Research An Academic Publisher. If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.

Corrections All material on this site has been provided by the respective publishers and authors. The American Economic Review, 59, If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. Stiglitz, Millfr E, This allows to link your profile to this item. General contact details of provider: