MODIGLIANI AND MILLER PROPOSITION I


Meaning of MODIGLIANI AND MILLER PROPOSITION I in English

A proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.