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.
MODIGLIANI AND MILLER PROPOSITION I
Meaning of MODIGLIANI AND MILLER PROPOSITION I in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012