The debt bubble legacy of economists Modigliani and Miller

For most companies which had assumed that too much debt would affect the value of the firm, their paper was a counterintuitive bombshell

Financial Times

©The Financial Times Limited 2020 Oct 20, 2020 / 08:48 AM IST
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The debt bubble legacy of economists Modigliani and Miller

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The debt bubble legacy of economists Modigliani and Miller

For most companies which had assumed that too much debt would affect the value of the firm, their paper was a counterintuitive bombshell

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