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Special Report on

The Theory of Corporate Finance

the theory of corporate finance special research report Photo by summer.stanford.edu
the value of a firm is unaffected by how that firm is financed. It does not matter if the firm's capital is raised by issuing stock or selling debt. It does not matter what the firm's dividend policy is. Therefore, the Modigliani-Miller theorem is also often called the capital structure irrelevance principle . Modigliani was awarded the 1985 Nobel Prize in Economics for this and other contributions. Miller was awarded the 1990 Nobel Prize in Economics, along with Harry Markowitz and William Sharpe , for their "work in the theory of financial economics," with Miller specifically cited for "fundamental ...
REVIEWS AND OPINIONS
Concurring Opinions » A Summer Reading Wish List
You, like me, probably have a fantasy list of books that you hope to read over the summer.  The books may be related to your summer scholarship plans, but likely they aren’t.  They sit on your night table or will arrive soon (once Amazon gets those pre-ordered titles in stock).  A number of books appear on my list and, amidst writing a piece with co-blogger Frank Pasquale and another with guest blogger Helen Norton, I hope to have a chance to read them: William Nelson’s The Roots of American Bureaucracy (read his glorious Americanization of the Common Law if you haven’t done so already), Martha Nussbaum’s market research, surveys and trends
Miller, Merton
in Economics, together with Harry Markowitz and William Sharpe in 1990, for his pioneering work in the field of corporate finance theory. Miller also co-authored the famous Modigliani-Miller theorem (known as the M&M theorem) that deals with relationship between a company's capital-asset structure and its market value, for which his colleague Franco Modigliani received the Nobel Prize in economics in 1985. The basic theorem states that the value of a firm is unaffected by how that firm is financed—it does not matter if the firm's capital is raised by issuing stock or selling debt. It does not matter what the ... market research, surveys and trends

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THE THEORY OF CORPORATE FINANCE

THE ROLE OF MARKETING RESEARCH IN MANAGEMENT DECISION MAKING ...
industry trends, business articles and survey research
The condition and trends of the modern retail market system in ...
about 20 billion rubles in 2005, and the market share of foreign companies is currently ..... 20-percent equity state was placed on the market by the. 36.6 Network of Pharmacies ..... Jean Tirole, The Theory of Corporate Finance (Univ. ... industry trends, business articles and survey research
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GM's Free Ride on the Government's Dime
The theory is that managers should act in a disciplined manner in spending and operations. By limiting the amount of cash that a company has on hand, managers remain more focused and are less likely to take undue risks with their excess cash. This theory has been documented in a number of academic studies. Managers with too much cash to burn will burn too much cash. If you want a real-life example, simply read the beginning of “Barbarians at the Gate” and Ross Johnson’s epic struggle to spend all of the money that RJR Nabisco was throwing off in the 1980s. Steven M. Davidoff, writing as The Deal Professor, is a ... market trends, news research and surveys resources
Photo: Sun News Publishing
The sack, last Wednesday, of the Director General of the Nigerian Stock Exchange (NSE), Prof. (Mrs) Ndi Okereke-Onyiuke, three months to her voluntary disengagement, may have come as an unexpected denouement of an in-house struggle whose battle cry was ignored for long. No wonder, when the news broke, there was manic merriment among the change champions, who had almost shouted themselves hoarse for a change of baton at the bourse-one of them, ... market trends, news research and surveys resources

INFORMATION RESOURCES

The Theory of Corporate Finance
as a detonator for the theory of corporate finance, a benchmark whose assumptions needed to be re- laxed in order to investigate the determinants of ... technology research, surveys study and trend statistics
AGRICULTURAL COOPERATIVES: A UNIFIED THEORY OF PRICING, FINANCE ...
advances in the theory of corporate finance has not been extended to cooperatives. Using it here provides powerful new insights into several ... technology research, surveys study and trend statistics
Tirole, J.: The Theory of Corporate Finance.
The past twenty years have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations--equity, debt, and valuation--today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations. However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of. Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern ...
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THE THEORY OF CORPORATE FINANCE
QUESTIONS AND ANSWERS
Have lots of money, but denied mortgage, what now? | Ask MetaFilter
My fiancee and I recently applied for a mortgage on a $200k property in Portland, OR. We have a lot of assets (at least I think so), but were denied for a mortgage loan where we would have put 20% down. Why, and what can we do about it? [Posting anon because of personal finance information] Right now we have approximately $75k cash on hand, $15-20k equity in our current home (which we are selling), we own $100-150k worth of undeveloped land in northeast Georgia, a car that is paid off (worth $19k on KBB), and zero debt. We both have excellent credit ratings. She is a freelance web designer (telecommute) and pulls in $45-60k per ...
Google Answers: Capital Asset Pricing Model and Beta
In relation to CAPM, I need a clear definition of beta and explain how a beta is determined and also how a beta is obtained. I would also like to understand the limitations of a beta. Note: Although I do understand the concepts of each, I am having a hard time understanding how the two mesh. Non technical but detailed responses would be appreciated, along with an easy to understand example, as I would like to fully understand and learn about these concepts. Lost4words ? A little history may help you understand how measures of beta came about and what they mean. Until the mid-1970s there was considerable debate over ...