Modligiani-Miller Theory

Explain the theory

Forty years ago, the Modigliani-Miller propositions started a new era in corporate finance. How does M&M hold up today?
Dun Gifford Jr., CFO Magazine
July 01, 1998 <– important reference (The Economist) (The Financial Times) (The Wall Street Journal – partly restricted to subscribers)
(cross-references to press comment on business and financial issues)

Web addresses for some other journals that are read by financial managers: (free access on registration) (free access on registration )

Some useful sites with market commentary and data on individual firms and stocks: (a good international site on company information) (an outstanding source of stock price and company information) (easy access to annual reports).

Some home pages with a variety of useful data, calculators, etc… (Campbell Harvey’s homepage) (Aswath Damodoran’s home page) (Robert Shiller’s home page)

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