Miller and Modigliani's irrelevance proposition
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Modigliani–Miller theorem — The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. The basic theorem states that, under a certain market price process (the classical random walk), in the absence of taxes … Wikipedia
Modigliani-Miller theorem — The Modigliani Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. The basic theorem states that, in the absence of taxes, bankruptcy costs, and asymmetric information, and in an… … Wikipedia
Modigliani and Miller Proposition I — 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. The New York Times Financial… … Financial and business terms
painting, Western — ▪ art Introduction history of Western painting from its beginnings in prehistoric times to the present. Painting, the execution of forms and shapes on a surface by means of pigment (but see also drawing for discussion of depictions in … Universalium
