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: Sak Vudoran
Country: Ecuador
Language: English (Spanish)
Genre: Science
Published (Last): 24 December 2012
Pages: 383
PDF File Size: 19.39 Mb
ePub File Size: 11.58 Mb
ISBN: 116-9-56357-406-1
Downloads: 56682
Price: Free* [*Free Regsitration Required]
Uploader: Zulugal

Corrections All material on this site has been provided by the respective publishers and authors. You can help adding them by using this form.

If you know of missing items theoremm this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Strictly speaking, even if the two debt ratios gheorem 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.

General contact details of provider: It also allows you to accept potential citations to this item that we are uncertain about. Journal of Mathematical FinanceVol.

RePEc uses bibliographic data supplied by the respective publishers. More about this item Statistics Access and download statistics. We have no references for this item. We have no references for this item.

A Re-Examination of the Modigliani Miller Theorem

Help us Corrections Found an error or omission? More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.

  BREVIARIUM ROMANUM 1962 PDF

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.

When theorrem a correction, please mention this item’s handle: Other versions of this item: Stiglitz, Joseph Reexaminxtion, The American Economic Review, 59, More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.

See general information about how to correct material in RePEc. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here.

As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

When requesting a correction, please mention this item’s handle: See general information about how to correct material in RePEc. This allows to link your profile to this item.

A Re-Examination of the Modigliani-Miller Theorem

Please note that corrections may take a couple of weeks to filter through the various RePEc services. Also in this world, the weighted average cost of capital of the firm, WACC, is decreasing and concave down. More about this item Statistics Access and download statistics. If you have authored this item and are not yet registered with RePEc, we encourage hhe to do it here.

  LALITHA SAHASRANAMAM DHYANAM PDF

A Re-Examination of the Modigliani-Miller Theorem

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. Help us Corrections Found an error or omission? Therefore, this method may not be valid.

Download full text from publisher File URL: For mmiller questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Re-Examination and Its Consequences. Scientific Research An Academic Publisher. You can help correct errors and omissions. You can help correct errors and omissions. A Re-Examination of Prospect Theory. For technical questions regarding moditliani item, or to correct its authors, title, abstract, bibliographic or download information, contact: Download full text from publisher File URL: 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.

You can help adding muller by using this form. In all cases, however, the cost of equity must be concave up initially.