Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
The Modigliani-Miller Propositions after Thirty Years
Journal of Economic Perspectives
vol. 2,
no. 4, Fall 1988
(pp. 99–120)
(Complimentary)
Abstract
This issue of the Journal of Economic Perspectives appears on the 30th anniversary of the Modigliani-Miller propositions in "The Cost of Capital, Corporation Finance and the Theory of Investment," published in the American Economic Review, June 1958. The editors have invited me, if not to celebrate, at least to mark the event with a retrospective look at what we set out to do on that occasion and an appraisal of where the propositions stand today after three decades of intense scrutiny and often bitter controversy.Citation
Miller, Merton H. 1988. "The Modigliani-Miller Propositions after Thirty Years." Journal of Economic Perspectives, 2 (4): 99–120. DOI: 10.1257/jep.2.4.99JEL Classification
- 521 Business Finance
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