Capital Structure in a Perfect Market

Kuo-Ping Chang

Chapter Chapter 8 in Corporate Finance: A Systematic Approach, 2023, pp 95-103 from Springer

Abstract: Abstract InPerfect market their famous and influential article in 1958, Modigliani and Miller present two propositions: First, the market value of any firm is independent of its capital structureCapital structure, and second, the expected rate of returnExpected rate of return on the equity of the levered firm increases in proportion to the debt-equity ratioDebt-equity ratio.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Capital Structure in an Imperfect Market (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-19-9119-6_8

Ordering information: This item can be ordered from
http://www.springer.com/9789811991196

DOI: 10.1007/978-981-19-9119-6_8

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().